Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $1.065M
SOLD
$1,065,000
Illinois
See Similar DealsMultiFamily3,138 SF
Sold
SOLD
Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $1.065M
1336 West Melrose Street, Chicago, IL, USA
See Similar DealsMultiFamily3,138 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$339
Total Square Footage:3138 SF
Transaction Type:Sale
The multifamily property located at 1336 W Melrose Street in Chicago was recently sold for $1,065,000. The transaction took place on January 29, 2021. The property consists of 3 units, with a price per unit (PPU) of $355,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,065,000
- Address: 1336 W Melrose Street, Chicago
- Market: Chicago
- Units: 3
- PPU: $355,000
The buyer was represented by Joan Kircher from Berkshire Hathaway HomeServices, whereas the seller was represented by Mark Kurgan from 33 Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,783.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,048.64
Annual Debt Service$60,583.72
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