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Multifamily Property In Chicago Sells For $1.4M With Buyer's Rep Greg Whelan & Seller's Rep Al Zoubi
SOLD
$1,400,000
Illinois
See Similar DealsMultiFamily
Sold 10/24/2023
SOLD
Multifamily Property In Chicago Sells For $1.4M With Buyer's Rep Greg Whelan & Seller's Rep Al Zoubi
1340 North Dean Street
See Similar DealsMultiFamily
Sold 10/24/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
1340 North Dean Street in Chicago, a multifamily property, sold for $1.4 million. The buyer, represented by Greg Whelan of Redfin, and the seller, represented by Al Zoubi of Zoubi Realty Ltd, completed the transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Buyer's Representative: Greg Whelan - Redfin
- Seller's Representative: Al Zoubi - Zoubi Realty Ltd
Greg Whelan of Redfin acted as the buyer's representative in the sale of 1340 North Dean Street. Meanwhile, Al Zoubi of Zoubi Realty Ltd represented the seller. This transaction further strengthens the presence of both companies in the Chicago market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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