Main Street Real Estate Group Acquires Multifamily Property In Chicago For $1.25M
SOLD
$1,250,000
Illinois
See Similar DealsMultiFamily4,656 SF
Sold 04/15/2021
SOLD
Main Street Real Estate Group Acquires Multifamily Property In Chicago For $1.25M
1461 W Walton St, Chicago, IL, USA
See Similar DealsMultiFamily4,656 SF
Sold 04/15/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$268
Total Square Footage:4,656 SF
Transaction Type:Sale
A multifamily property located at 1461 W Walton St in Chicago was recently sold for $1,250,000. The property consists of 4 units and was sold on April 15, 2021. The price per unit for this transaction was $312,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 4
Rory Threatt from Main Street Real Estate Group represented the buyer in this transaction, while Connie Aparcedo from Coldwell Banker Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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