Interra Realty Sells 5-Unit Multifamily Property In West Town, Chicago
SOLD
$1,985,000
Illinois
See Similar DealsMultiFamily
Sold 09/14/2022
SOLD
Interra Realty Sells 5-Unit Multifamily Property In West Town, Chicago
1401 West Hubbard Street
See Similar DealsMultiFamily
Sold 09/14/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1401 W Hubbard St in West Town, Chicago, has been sold for $1,985,000. The property consists of 5 units, with an average price per unit of $397,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,985,000
- Address: 1401 W Hubbard St, West Town, Chicago
- Market: West Town, Chicago
- Broker: Harrison Pinkus - Interra Realty
- Units: 5
- Price per Unit: $397,000
Harrison Pinkus of Interra Realty represented the parties involved in the transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,052.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,409.91
Annual Debt Service$112,918.95
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