Chicago Real Estate Resources Acquires 19-Unit Multifamily In Stoney Island Park For $1.1M
SOLD
$1,100,000
Illinois
See Similar DealsMultiFamily
Sold 03/24/2022
SOLD
Chicago Real Estate Resources Acquires 19-Unit Multifamily In Stoney Island Park For $1.1M
1654 East 85th Street, Chicago, Illinois 60617, United States
See Similar DealsMultiFamily
Sold 03/24/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1654 E 85th St & 1705 E 85th St in Stoney Island Park, Chicago has been sold for $1,100,000. The transaction took place on March 24, 2022. The property consists of 19 units, resulting in a price per unit of $57,895.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 1654 E 85th St & 1705 E 85th St, Stoney Island Park, Chicago
- Market: Stoney Island Park, Chicago
- Asset Type: Multifamily
The deal was facilitated by Finley Askin from CRER (Chicago Real Estate Resources) and Perdure Carter.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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