Root Realty Sells Multifamily Property In Lakeview, Chicago For $785K
SOLD
Illinois
See Similar DealsMultiFamily45,000 SF
Sold 05/03/2022
SOLD
Root Realty Sells Multifamily Property In Lakeview, Chicago For $785K
1456 West Irving Park Road
See Similar DealsMultiFamily45,000 SF
Sold 05/03/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$17
Total Square Footage:45,000 SF
Transaction Type:Sale
A multifamily property located at 1456 W Irving Park Rd in Lakeview, Chicago has been sold. The property consists of 3 units with a total sale price of $785,000. This equates to a price per unit of $261,667. The property spans a total of 45,000 square feet, resulting in a price per square foot of $17.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $785,000
- Units: 3
- Price Per Unit: $261,667
- Square Feet: 45,000
- Price Per Square Foot: $17
- Address: 1456 W Irving Park Rd
- Market: Lakeview, Chicago
The sale of this multifamily property was represented by Kevin Itima, Michael Root, and Joseph Root of Root Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$41,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,788.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,721.30
Annual Debt Service$44,655.61
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