Redfin Corporation Acquires Multifamily Property In Chicago For $1.215M
SOLD
$1,215,000
Illinois
See Similar DealsMultiFamily2,178 SF
Sold 11/30/2021
SOLD
Redfin Corporation Acquires Multifamily Property In Chicago For $1.215M
1744 North Hoyne Avenue, Chicago, IL 60647
See Similar DealsMultiFamily2,178 SF
Sold 11/30/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$557
Total Square Footage:2,178 SF
Transaction Type:Sale
A multifamily property located at 1744 N Hoyne Ave in Chicago was recently sold for $1,215,000. The property consists of 3 units, with a price per unit of $405,000. The lot size is 2,178 square feet, resulting in a price per square foot of $558.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,215,000
- Units: 3
- Price Per Unit: $405,000
- Lot Size: 2,178 square feet
- Price Per Square Foot: $558
- Market: Chicago
The buyer's representative in this transaction was Greg Whelan from Redfin Corporation. The seller's representative was Erin Mandel Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,316.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,759.72
Annual Debt Service$69,116.64
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