Jameson Sotheby's Intl Realty Sells Multifamily Property In Chicago's Sheffield Ave For $1.125M
SOLD
$1,125,000
Illinois
See Similar DealsMultiFamily2,772 SF
Sold 03/02/2021
SOLD
Jameson Sotheby's Intl Realty Sells Multifamily Property In Chicago's Sheffield Ave For $1.125M
1864 N Sheffield Ave, Chicago, IL, USA
See Similar DealsMultiFamily2,772 SF
Sold 03/02/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$405
Total Square Footage:2,772 SF
Transaction Type:Sale
The multifamily property located at 1864 N Sheffield Ave in Chicago has been sold for $1,125,000. The property consists of 2 units, with a price per unit of $562,500. The sale took place on 03/02/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Units: 2
- Price Per Unit: $562,500
- Date: 03/02/2021
- Address: 1864 N Sheffield Ave, Chicago
Victor Jones from HomeSmart Realty Group represented the buyer in this transaction, while Jennifer Mills from Jameson Sotheby's Intl Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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