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Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.471M

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SOLD
$1,471,000

Illinois

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MultiFamily
Sold 01/22/2024
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Property Image
SOLD

Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.471M

1528 North Lasalle Drive

See Similar Deals
MultiFamily
Sold 01/22/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

1528 North Lasalle Drive, a multifamily property in Chicago, was recently sold for $1,471,000. The transaction was facilitated by Roman Patzner from Fulton Grace Realty, representing the buyer, and Andrew Kenning from Keller Williams ONEChicago, representing the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,471,000
  • Address: 1528 North Lasalle Drive
  • Market: Chicago
  • Buyer's Rep: Roman Patzner - Fulton Grace Realty
  • Seller's Rep: Andrew Kenning - Keller Williams ONEChicago

Roman Patzner from Fulton Grace Realty and Andrew Kenning from Keller Williams ONEChicago were instrumental in facilitating the sale of the multifamily property located at 1528 North Lasalle Drive in Chicago.

Players

AK
1 deal$1.5M volume
BROKER

Details

SOLD
IMAGE: Roman Patzner DATE: 01/22/2024 ADDRESS: 1528 North Lasalle Drive MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Roman Patzner (@RomanPatzner_realestate) - Fulton Grace Realty (@FultonGraceRealty) SELLER'S REP: Andrew Kenning - Keller Williams ONEChicago (@KWOneChicago) SALE PRICE: $1,471,000 NOTE: 1528 North Lasalle Drive in Chicago, a multifamily property, sold for $1,471,000, with Roman Patzner from Fulton Grace Realty representing the buyer and Andrew Kenning from Keller Williams ONEChicago representing the seller.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,226.16
Cash-on-Cash Return-1.27%
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