Richard Cohn Real Estate Represents Buyer In $1M Chicago Multifamily Sale
SOLD
$1,000,000
Illinois
See Similar DealsMultiFamily3,125 SF
Sold 06/15/2022
SOLD
Richard Cohn Real Estate Represents Buyer In $1M Chicago Multifamily Sale
1417 West Henderson Street, Chicago, Illinois 60657, United States
See Similar DealsMultiFamily3,125 SF
Sold 06/15/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:3,125 SF
Transaction Type:Sale
A multifamily property located at 1417 W Henderson St in Chicago has been sold in a recent transaction. The property consists of 3 units and has a total sale price of $1,000,000, resulting in an average price per unit of $333,333. The lot size is 3,125 square feet, equating to a price per square foot of $320.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 3
- Average Price per Unit: $333,333
- Lot Size: 3,125 square feet
- Price per Square Foot: $320
The buyer in this transaction was represented by Richard Cohn from Richard Cohn Real Estate, while the seller was represented by Michael Hall from Baird & Warner.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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