Mark Kurgan Sells 6-Unit Multifamily Property In Chicago For $2.3M
SOLD
$2,335,000
Illinois
See Similar DealsMultiFamily4,270 SF
Sold 12/28/2021
SOLD
Mark Kurgan Sells 6-Unit Multifamily Property In Chicago For $2.3M
1353 West Bryn Mawr Avenue, Chicago, IL 60660
See Similar DealsMultiFamily4,270 SF
Sold 12/28/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$546
Total Square Footage:4,270 SF
Transaction Type:Sale
A multifamily property located at 1353 W Bryn Mawr Ave in Chicago has been sold for a total of $2,335,000. The property consists of 6 units, with a price per unit of $389,167. The lot size is 4,270 square feet, resulting in a price per square foot of $547.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,335,000
- Units: 6
- Price Per Unit: $389,167
- Lot Size: 4,270 square feet
- Price Per Square Foot: $547
The buyer in this transaction was represented by Staci Prince from Kale Realty, while Mark Kurgan from 33 Realty served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,295.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,069.09
Annual Debt Service$132,829.10
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