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Compass Brokers Sell Roscoe Village/Lakeview Multifamily For $1.07M

Property Image
SOLD
$1,069,000
Maureen Barone
Philip Barone
Alicia Blumer

Illinois

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MultiFamily
Sold 06/04/2024
the dealplayerscompscontact
Property Image
SOLD

Compass Brokers Sell Roscoe Village/Lakeview Multifamily For $1.07M

1920 West Addison Street

See Similar Deals
MultiFamily
Sold 06/04/2024
Maureen Barone
Philip Barone
Alicia Blumer
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

1920 West Addison Street, a beautifully restored and updated Classic Chicago Brick 2-flat in the Roscoe Village/Lakeview area, was sold for $1,069,000. The property features original hardwood flooring, custom millwork, updated kitchens and baths, and professionally landscaped front and backyard on an oversized lot, offering a prime opportunity for investment or owner occupancy in a vibrant neighborhood with access to various amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,069,000
  • Units: 2
  • Price Per Unit: $534,500
  • Address: 1920 West Addison Street
  • Market: Chicago

Alicia Blumer, Maureen Barone, and Philip Barone of Compass were the brokers representing the deal.

Players

Maureen Barone
Compass
Maureen Barone
2 deals$2.1M volume
BROKER
Philip Barone
Compass
Philip Barone
2 deals$2.1M volume
BROKER
Alicia Blumer
Compass
Alicia Blumer
1 deal$1.1M volume(847) 800-8476
BROKER

Details

SOLD
IMAGE: Maureen Barone, Alicia Blumer & Philip Barone DATE: 06/04/2024 ADDRESS: 1920 West Addison Street MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Alicia Blumer (@AliciaBlumer), Maureen Barone & Philip Barone (@BaroneGroup) - Compass (@Compass) SALE PRICE: $1,069,000 UNITS: 2 ~ PPU: $534,500 NOTE: 1920 West Addison Street, a beautifully restored and updated Classic Chicago Brick 2-flat in the Roscoe Village/Lakeview area, was sold for $1,069,000 by Maureen Barone, Philip Barone, and Alicia Blumer of Compass. The property features original hardwood flooring, custom millwork, updated kitchens and baths, and professionally landscaped front and backyard on an oversized lot, offering a prime opportunity for investment or owner occupancy in a vibrant neighborhood with access to various amenities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$57,013.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,797.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,067.61
Annual Debt Service$60,811.26