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EXp Realty Acquires Multifamily Property In Chicago For $1.05M

Property Image
SOLD
$1,050,000
Michael Scanlon
Kaitlin Sager
Juana (Juany) Honeycutt

Illinois

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MultiFamily3,678 SF
Sold 05/18/2020
the dealplayerscompscontact
Property Image
SOLD

EXp Realty Acquires Multifamily Property In Chicago For $1.05M

1321 North Artesian Avenue, Chicago, IL 60622

See Similar Deals
MultiFamily3,678 SF
Sold 05/18/2020
Michael Scanlon
Kaitlin Sager
Juana (Juany) Honeycutt
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$285
Total Square Footage:3,678 SF
Transaction Type:Sale

Located at 1321 N Artesian Ave in Chicago, this multifamily property was recently sold. The transaction took place on May 18, 2021, with a sale price of $1,050,000. The property consists of 4 units, resulting in a price per unit of $262,500.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Address: 1321 N Artesian Ave, Chicago
  • Market: Chicago
  • Buyer's Representative: Michael Scanlon - eXp Realty
  • Seller's Representatives: Juana Honeycutt & Kaitlin Sager - Jameson Sotheby's Intl Realty
  • Units: 4
  • Price per Unit: $262,500

The buyer's representative in this deal was Michael Scanlon from eXp Realty. On the other hand, the seller's representatives were Juana Honeycutt and Kaitlin Sager from Jameson Sotheby's Intl Realty.

Players

Michael Scanlon
EXP Realty
Michael Scanlon
14 deals$17.5M volume
BROKER
Juana (Juany) Honeycutt
Sotheby's International Realty
Juana Honeycutt
1 deal$1.1M volume
BROKER
Kaitlin Sager
Sotheby's International Realty
Kaitlin Sager
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Michael Scanlon, Kaitlin Sager & Juana Honeycutt DATE: 05/18/2021 ADDRESS: 1321 N Artesian Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Michael Scanlon - eXp Realty SELLER'S REP: Juana Honeycutt & Kaitlin Sager - Jameson Sotheby's Intl Realty SALE PRICE: $1,050,000 UNITS: 4 ~ PPU: $262,500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
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