Compass Broker Joseph Siciliano Acquires Multifamily Property In Chicago For $1.3M
SOLD
$1,300,000
Illinois
See Similar DealsMultiFamily2,400 SF
Sold 04/30/2021
SOLD
Compass Broker Joseph Siciliano Acquires Multifamily Property In Chicago For $1.3M
1342 West Newport Avenue, Chicago, IL 60657, USA
See Similar DealsMultiFamily2,400 SF
Sold 04/30/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$541
Total Square Footage:2,400 SF
Transaction Type:Sale
The multifamily property located at 1342 W Newport Ave in Chicago was recently sold for $1,300,000 on April 30, 2021. The property consists of two units, with a price per unit of $650,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 1342 W Newport Ave, Chicago
- Units: 2
- Price Per Unit: $650,000
In this transaction, Joseph Siciliano from Compass represented the buyer, while James Sheehan from Dream Town Realty represented the seller.
Players
BROKERAGE
Details
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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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