Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $2.06M
SOLD
$2,059,000
Illinois
See Similar DealsMultiFamily5,684 SF
Sold 03/12/2021
SOLD
Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $2.06M
1508 W Addison St
See Similar DealsMultiFamily5,684 SF
Sold 03/12/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$362
Total Square Footage:5,684 SF
Transaction Type:Sale
The multifamily property located at 1508 W Addison St in Chicago has been sold for a total price of $2,059,000. The property consists of 4 units, resulting in a price per unit (PPU) of $514,750.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,059,000
- Address: 1508 W Addison St
- Market: Chicago
- Units: 4
- PPU: $514,750
The buyer's representative in this transaction was Jane Domurot from Berkshire Hathaway HomeServices Chicago, while the seller's representative was Jamie Connor from Jameson Sotheby's Intl Realty.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,813.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,315.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,760.71
Annual Debt Service$117,128.53
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