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1754 North Troy Street

George Furla & Mitir A. Patel Sell Chicago Multifamily For $1.2M
SOLDMultiFamily

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:

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

Mitir A. Patel

Dream Town Realty

Broker

$5.6M

vol

5 deals

Broker

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