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Michael Scanlon Of EXP Realty Represents Buyer In $1.25M Multifamily Sale In Chicago
SOLD
Illinois
See Similar DealsMultiFamily3,843 SF
Sold 04/01/2024
SOLD
Michael Scanlon Of EXP Realty Represents Buyer In $1.25M Multifamily Sale In Chicago
1644 North Hermitage Avenue
See Similar DealsMultiFamily3,843 SF
Sold 04/01/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$325
Total Square Footage:3,843 SF
Transaction Type:Sale
1644 North Hermitage Avenue in Chicago is a multifamily property that was recently sold for $1,250,000. The property spans 3,843 square feet, resulting in a price per square foot of $325.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 1644 North Hermitage Avenue
- Market: Chicago
- Buyer's Rep: Michael Scanlon - EXP Realty
- Seller's Rep: Jason Rowland & Joso Goreta - Compass
Michael Scanlon from EXP Realty represented the buyer in the transaction, while Jason Rowland and Joso Goreta from Compass represented the seller in the sale of 1644 North Hermitage Avenue.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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