John Westbrook Acquires 4-Unit Multifamily Property In Chicago For $1.01M
SOLD
$1,011,101
Illinois
See Similar DealsMultiFamily3,319 SF
Sold 05/06/2022
SOLD
John Westbrook Acquires 4-Unit Multifamily Property In Chicago For $1.01M
1714 North Honore Street, Chicago, Illinois 60622, United States
See Similar DealsMultiFamily3,319 SF
Sold 05/06/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$304
Total Square Footage:3,319 SF
Transaction Type:Sale
The multifamily property located at 1714 N Honore St in Chicago was recently sold for a total price of $1,011,101. The transaction took place on May 6, 2022, and involved the sale of a 4-unit building. Each unit was sold for an average price of $252,775. The property has a total lot size of 3,319 square feet, resulting in a price per square foot of $305.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,011,101
- Address: 1714 N Honore St, Chicago
- Sale Date: May 6, 2022
- Number of Units: 4
- Price per Unit: $252,775
- Lot Size: 3,319 square feet
- Price per Square Foot: $305
John Westbrook roperties represented the buyer in this transaction, while Karen Biazar from North Clybourn Group, Inc served as the seller's representative. Both parties played a crucial role in facilitating the deal and ensuring a successful sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,925.39
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,592.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,793.13
Annual Debt Service$57,517.61
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