Rafay Qamar Acquires Multifamily Property In Chicago For $2.44M
SOLD
$2,447,000
Illinois
See Similar DealsMultiFamily
Sold 02/08/2022
SOLD
Rafay Qamar Acquires Multifamily Property In Chicago For $2.44M
1367 West Hubbard Street, Chicago, Illinois 60642, United States
See Similar DealsMultiFamily
Sold 02/08/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
An off-market multifamily property located at 1367 W Hubbard St in Chicago has been sold for a transaction price of $2,447,000. The property consists of three units, with an average price per unit of $815,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,447,000
- Address: 1367 W Hubbard St, Chicago
- Market: Chicago
- Buyer's Representative: Rafay Qamar - Compass
- Seller's Representative: Karen Biazar - North Clybourn Group Inc
Rafay Qamar from Compass represented the buyer in this transaction, while Karen Biazar from North Clybourn Group Inc represented the seller.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,506.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,693.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,600.03
Annual Debt Service$139,200.34
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