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Garrett Leigh Of Essex Three-Twelve Represents Seller In $1.135M Chicago Multifamily Sale
SOLD
$1,135,000
Illinois
See Similar DealsMultiFamily
Sold
SOLD
Garrett Leigh Of Essex Three-Twelve Represents Seller In $1.135M Chicago Multifamily Sale
1720 North Ashland Avenue
See Similar DealsMultiFamily
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
1720 North Ashland Avenue is a two-unit multifamily property situated in Chicago, specifically in the Wicker Park neighborhood. The asset sold for $1,135,000, translating to a price per unit of $567,500, and each duplex offers over 2,400 square feet of living space.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,135,000
- Units: 2
- Price Per Unit: $567,500
- Address: 1720 North Ashland Avenue
- Market: Chicago
Garrett Leigh from Essex Three-Twelve represented the seller in this transaction. The buyer intends to reside in and renovate the building, ensuring the continuation of the property's legacy.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,032.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,380.48
Annual Debt Service$64,565.75
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