Barbara O'Connor Of Dream Town Realty Sells Chicago Multifamily Property For $2.2M
SOLD
$2,200,000
Illinois
See Similar DealsMultiFamily6,000 SF
Sold 12/20/2021
SOLD
Barbara O'Connor Of Dream Town Realty Sells Chicago Multifamily Property For $2.2M
1352 West Carmen Avenue, Chicago, IL 60640
See Similar DealsMultiFamily6,000 SF
Sold 12/20/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$366
Total Square Footage:6,000 SF
Transaction Type:Sale
The multifamily property located at 1352 W Carmen Ave in Chicago has been sold for a price of $2,200,000. The transaction took place on December 20, 2021. This property consists of 10 units, making the price per unit $220,000. The lot size of the property is 6,000 square feet, resulting in a price per square foot of $367.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Units: 10
- Price Per Unit: $220,000
- Lot Size: 6,000 square feet
- Price Per Square Foot: $367
Barbara O'Connor from Dream Town Realty represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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