Monarch Realty Partners Brokers Sale Of 43-Unit Multifamily In Rogers Park, Chicago For $4.3M
SOLD
$4,300,000
Illinois
See Similar DealsMultiFamily25,300 SF
Sold 10/10/2022
SOLD
Monarch Realty Partners Brokers Sale Of 43-Unit Multifamily In Rogers Park, Chicago For $4.3M
1627 West Chase Avenue
See Similar DealsMultiFamily25,300 SF
Sold 10/10/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$170
Total Square Footage:25,300 SF
Transaction Type:Sale
The multifamily property located at 1627 W Chase Ave in Rogers Park, Chicago has been sold. The transaction was facilitated by brokers Brian Semel and Connor Loughlin from Monarch Realty Partners. The property was sold for a total price of $4,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $4,300,000
- Units: 43
- Price per Unit: $100,000
- Square Footage: 25,300
- Price per Square Foot: $170
- Address: 1627 W Chase Ave, Rogers Park, Chicago
The brokers involved in the deal were Brian Semel and Connor Loughlin from Monarch Realty Partners. They represented the buyer and seller respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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