Abraham Lee Acquires Multifamily Property In Pilsen, Chicago For $1.03M
SOLD
$1,030,000
Illinois
See Similar DealsMultiFamily4,700 SF
Sold 12/31/2021
SOLD
Abraham Lee Acquires Multifamily Property In Pilsen, Chicago For $1.03M
1634 West Cermak Road, Chicago, Illinois 60608, United States
See Similar DealsMultiFamily4,700 SF
Sold 12/31/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$219
Total Square Footage:4,700 SF
Transaction Type:Sale
The multifamily property located at 1634 W Cermak Rd in Pilsen, Chicago was recently sold. The transaction took place on December 31, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,030,000
- Address: 1634 W Cermak Rd, Pilsen, Chicago
- Market: Pilsen, Chicago
The buyer of the property was Abraham Lee, while the seller was No Dadkhah. Representing the buyer were Michael Scanlon and Jake Fugman from The Axon Group. Lawrence Dunning from Main Street Real Estate Group served as the seller's representative.
The property was listed for an asking price of $1,059,000. It consists of 3 units, with each unit priced at approximately $343,333. The total square footage of the property is 4,700, resulting in a price per square foot of $219.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,659.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,882.73
Annual Debt Service$58,592.71
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