Lawrence Dunning Sells Chicago Multifamily Property On 1722 W Hastings St For $1.03M
SOLD
$1,025,000
Illinois
See Similar DealsMultiFamily3,500 SF
Sold 04/28/2022
SOLD
Lawrence Dunning Sells Chicago Multifamily Property On 1722 W Hastings St For $1.03M
1722 West Hastings Street, Chicago, Illinois 60608, United States
See Similar DealsMultiFamily3,500 SF
Sold 04/28/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$292
Total Square Footage:3,500 SF
Transaction Type:Sale
The multifamily property located at 1722 W Hastings St in Chicago has been sold. The property spans a total area of 3,500 square feet, with a sale price of $1,025,000. This translates to a price per square foot of $293. The lot size is 2,614 square feet, resulting in a price per lot square footage of $392.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- SF: 3,500
- PPSF: $293
- LOT SF: 2,614
- PPLSF: $392
Lisa Yassin, representing Lisa R Yassin, acted as the buyer's representative in this transaction. Lawrence Dunning from Main Street Real Estate Group served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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