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Evelyn Fred Of Baird & Warner Acquires Multifamily Property In Chicago For $1M

Property Image
SOLD
$1,000,000
Evelyn Fred
Ryan Preuett

Illinois

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MultiFamily3,250 SF
Sold 11/10/2021
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Property Image
SOLD

Evelyn Fred Of Baird & Warner Acquires Multifamily Property In Chicago For $1M

1644 North Marshfield Avenue, Chicago, IL 60622

See Similar Deals
MultiFamily3,250 SF
Sold 11/10/2021
Evelyn Fred
Ryan Preuett
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$307
Total Square Footage:3,250 SF
Transaction Type:Sale

The multifamily property located at 1644 N Marshfield Ave in Chicago has been sold for $1,000,000. The transaction took place on November 10, 2021. The property consists of three units, with a price per unit (PPU) of $333,333. The lot size is 3,250 square feet, making the price per square foot (PPLSF) $308.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 3
  • PPU: $333,333
  • Lot Size: 3,250 square feet
  • PPLSF: $308

Evelyn Fred from Baird & Warner represented the buyer in this transaction, while Ryan Preuett from Jameson Sotheby's International Realty represented the seller.

Players

Ryan Preuett
Sotheby's International Realty
Ryan Preuett
8 deals$43.4M volume
BROKER
Evelyn Fred
Baird & Warner
Evelyn Fred
1 deal$1M volume
BROKER

Details

SOLD
IMAGE: Ryan Preuett & Evelyn Fred DATE: 11/10/2021 ADDRESS: 1644 N Marshfield Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Evelyn Fred - Baird & Warner SELLER'S REP: Ryan Preuett - Jameson Sotheby's International Realty SALE PRICE: $1,000,000 UNITS: 3 ~ PPU: $333,333 LOT SF: 3,250 ~ PPLSF: $308

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12