George Furla & Mitir A. Patel Sell Chicago Multifamily For $1.2M
1754 North Troy Street
$1,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 21, 2024
AI
1754 North Troy Street, located in Chicago, is a newly constructed multi-family property that was sold for $1,200,000. Completed in 2019, this modern structure sits on a spacious 37.5 ft lot and features expansive living spaces. Additionally, it includes a recently added outdoor paver patio, offering both luxury and potential for increased rental income or condo conversion.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 1754 North Troy Street
- Market: Chicago
- Brokers: George Furla & Mitir A. Patel - Dream Town Real Estate
George Furla and Mitir A. Patel, representing Dream Town Real Estate, facilitated the sale of the multi-family property at 1754 North Troy Street in Chicago. Their expertise and negotiation skills played a crucial role in the successful transaction, showcasing their dedication to their clients' needs.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93