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Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.471M
SOLD
$1,471,000
Illinois
See Similar DealsMultiFamily
Sold 01/22/2024
SOLD
Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.471M
1528 North Lasalle Drive
See Similar DealsMultiFamily
Sold 01/22/2024
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,453.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,226.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,973.29
Annual Debt Service$83,679.49
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