HomeSmart Connect LLC Acquires Multifamily Property In Chicago For $1.09M
SOLD
$1,090,000
Illinois
See Similar DealsMultiFamily2,614 SF
Sold 01/05/2022
SOLD
HomeSmart Connect LLC Acquires Multifamily Property In Chicago For $1.09M
1817 North Honore Street, Chicago, IL 60622
See Similar DealsMultiFamily2,614 SF
Sold 01/05/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$417
Total Square Footage:2,614 SF
Transaction Type:Sale
The multifamily property located at 1817 N Honore St in Chicago has been sold. The sale was facilitated by the seller's representative, Sarah Ziehr from Redfin Corporation, and the buyer's representative, Karen Sanchez from HomeSmart Connect LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,090,000
- Date: 01/05/2022
- Units: 3
- Price per unit: $363,333
- Lot Size: 2,614 square feet
- Price per square foot: $417
The property consists of three units with a price per unit of $363,333. The lot size is 2,614 square feet, making the price per square foot $417.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,872.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,167.16
Annual Debt Service$62,005.87
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