Compass Brokers Acquire Multifamily Property In Chicago For $1.065M
SOLD
$1,065,000
Illinois
See Similar DealsMultiFamily4,700 SF
Sold 04/12/2021
SOLD
Compass Brokers Acquire Multifamily Property In Chicago For $1.065M
1931 N Leavitt St, Chicago, IL, USA
See Similar DealsMultiFamily4,700 SF
Sold 04/12/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$226
Total Square Footage:4,700 SF
Transaction Type:Sale
A multifamily property located at 1931 N Leavitt St in Chicago was recently sold for a price of $1,065,000. The property spans approximately 4,700 square feet, resulting in a price per square foot of $227. With a total of 4 units, the per unit price comes out to be $266,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,065,000
- Address: 1931 N Leavitt St, Chicago
- Market: Chicago
- Square Footage: 4,700
- Price per Square Foot: $227
- Units: 4
The deal was facilitated by Richard Kasper, Rachel Montiel, and James D'Astice from Compass, representing the parties involved in the transaction.
Note: For additional information, please refer to the provided Instagram link.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,783.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,048.64
Annual Debt Service$60,583.72
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