Urban Abodes Represents Buyer In $1.1M Multifamily Sale On N. California Ave, Chicago
SOLD
$1,115,000
Illinois
See Similar DealsMultiFamily2,900 SF
Sold
SOLD
Urban Abodes Represents Buyer In $1.1M Multifamily Sale On N. California Ave, Chicago
1857 North California Avenue, Chicago, IL, USA
See Similar DealsMultiFamily2,900 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$384
Total Square Footage:2900 SF
Transaction Type:Sale
The multifamily property located at 1857 N. California Avenue in Chicago has been sold for $1,115,000. The transaction took place on January 8, 2021. The property, represented by Berthene Christos from Urban Abodes, was acquired by an undisclosed buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,115,000
Mark Pieczka from Homeland Sales & Development acted as the seller's representative in this sale. The property, with its prime location in Chicago, attracted strong interest from potential buyers. This successful transaction highlights the thriving real estate market in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,961.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,285.67
Annual Debt Service$63,428.03
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