Nick Stocking Acquires Chicago Multifamily Building For $2.5M
SOLD
$2,475,000
Illinois
See Similar DealsMultiFamily6,690 SF
Sold 06/24/2020
SOLD
Nick Stocking Acquires Chicago Multifamily Building For $2.5M
1659 North Humboldt Boulevard, Chicago, IL, USA
See Similar DealsMultiFamily6,690 SF
Sold 06/24/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$370
Total Square Footage:6,690 SF
Transaction Type:Sale
A multifamily property located at 1659 N Humboldt and 2159 W. Huron in Chicago has been sold for $2,475,000. The transaction took place on June 24, 2021. The property consists of 12 units, resulting in an average price per unit of $206,250. The buyer of the property is Nick Stocking.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,475,000
- Units: 12
- Price per Unit: $206,250
- Buyer: Nick Stocking
The deal was facilitated by broker Ben Smith, representing the buyer, Nick Stocking.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$132,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,793.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,732.76
Annual Debt Service$140,793.15
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