Jameson Sotheby's Intl Realty Acquires Multifamily Property In Chicago For $1.06M
SOLD
$1,060,000
Illinois
See Similar DealsMultiFamily2,904 SF
Sold 08/16/2021
SOLD
Jameson Sotheby's Intl Realty Acquires Multifamily Property In Chicago For $1.06M
1627 North Honore Street, Chicago, IL, USA
See Similar DealsMultiFamily2,904 SF
Sold 08/16/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$365
Total Square Footage:2,904 SF
Transaction Type:Sale
The multifamily property located at 1627 N Honore St in Chicago has been sold for a total price of $1,060,000. The property spans 2,904 square feet, resulting in a price per square foot of $365.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,060,000
- Property Size: 2,904 square feet
- Price per Square Foot: $365
- Address: 1627 N Honore St, Chicago
The buyer's representative for this transaction was Michelle Liffick from Jameson Sotheby's International Realty. On the other hand, Tony Zaskowski, known as SuperAgent from Keller Williams ONEChicago, represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,765.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,024.94
Annual Debt Service$60,299.29
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