Peak Realty Chicago Acquires Multifamily Property On N State Pkwy In Chicago For $2.1M
SOLD
$2,155,555
Illinois
See Similar DealsMultiFamily10,000 SF
Sold 11/09/2021
SOLD
Peak Realty Chicago Acquires Multifamily Property On N State Pkwy In Chicago For $2.1M
1347 North State Parkway, Chicago, IL 60610, USA
See Similar DealsMultiFamily10,000 SF
Sold 11/09/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$215
Total Square Footage:10,000 SF
Transaction Type:Sale
The multifamily property located at 1347 N State Pkwy in Chicago has been sold. The sale was facilitated by Jennifer Ames from Engel & Voelkers Chicago, representing the seller, and Alexander Morsch from Peak Realty Chicago, representing the buyer.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,155,555
The sale of this multifamily property in Chicago was successfully completed for a total price of $2,155,555. Both the buyer and the seller were represented by their respective brokers, Alexander Morsch of Peak Realty Chicago and Jennifer Ames of Engel & Voelkers Chicago.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,962.93
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,658.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,218.43
Annual Debt Service$122,621.16
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