Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $1.095M
SOLD
$1,095,000
Illinois
See Similar DealsMultiFamily2,178 SF
Sold 10/29/2021
SOLD
Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $1.095M
1531 North North Park Avenue, Chicago, IL 60610, USA
See Similar DealsMultiFamily2,178 SF
Sold 10/29/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$502
Total Square Footage:2,178 SF
Transaction Type:Sale
A multifamily property located at 1531 N North Park Ave in Chicago has been sold. The sale took place on 10/29/2021 with a sale price of $1,095,000. The property consists of 4 units, resulting in a price per unit of $273,750. The lot size is 2,178 square feet, making the price per square foot $503.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,095,000
- Units: 4
- Price per Unit: $273,750
- Lot Size: 2,178 square feet
- Price per Square Foot: $503
The buyer's representative for this transaction was Patrick Teets from Jameson Sotheby's International Realty, while the seller's representative was Lindsay Everest from Berkshire Hathaway HomeServices Chicago.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,890.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,190.86
Annual Debt Service$62,290.30
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