Edward Reagan Acquires Multifamily Property In Chicago For $1.05M
SOLD
$1,050,000
Illinois
See Similar DealsMultiFamily3,920 SF
Sold 08/27/2021
SOLD
Edward Reagan Acquires Multifamily Property In Chicago For $1.05M
1514 West Wilson Avenue, Chicago, IL 60640, USA
See Similar DealsMultiFamily3,920 SF
Sold 08/27/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$267
Total Square Footage:3,920 SF
Transaction Type:Sale
Located at 1514 W Wilson Ave in Chicago, this multifamily property was recently sold for a price of $1,050,000. The property spans across a lot size of 3,920 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Market: Chicago
The buyer's representative in this deal was Edward Reagan from Safe Harbor Realty LLC, while the seller's representative was Ken Jungwirth from Properties East Lincoln Park.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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