Dream Town Realty Acquires Multifamily Property In Chicago For $1.3M
SOLD
$1,300,000
Illinois
See Similar DealsMultiFamily4,525 SF
Sold 12/08/2021
SOLD
Dream Town Realty Acquires Multifamily Property In Chicago For $1.3M
1341 West Foster Avenue, Chicago, IL 60640, USA
See Similar DealsMultiFamily4,525 SF
Sold 12/08/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$287
Total Square Footage:4,525 SF
Transaction Type:Sale
A multifamily property located at 1341 W Foster Ave in Chicago has been sold for a total price of $1,300,000. The property consists of 4 units, with a per unit price of $325,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 4
- Price per Unit: $325,000
Rizwan Gilani from Dream Town Realty represented the buyer in this transaction, while Eric Ofman from Kiser Group Realty Inc represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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