Compass Brokers Facilitates $1.05M Sale Of 3-Unit Multifamily Property In Chicago
SOLD
$1,050,000
Illinois
See Similar DealsMultiFamily2,976 SF
Sold 02/26/2021
SOLD
Compass Brokers Facilitates $1.05M Sale Of 3-Unit Multifamily Property In Chicago
1939 West Potomac Avenue, Chicago, IL, USA
See Similar DealsMultiFamily2,976 SF
Sold 02/26/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:2,976 SF
Transaction Type:Sale
Located at 1939 W Potomac Ave in Chicago, this multifamily property was recently sold for a total price of $1,050,000. The transaction took place on February 26, 2021, and was facilitated by broker Joseph Kotoch of Compass.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 3
- Price per Unit: $350,000
- Market: Chicago
Joseph Kotoch represented the seller/buyer/landlord/tenant as the broker from Compass. The property consists of 3 units, with each unit having an average price of $350,000. Situated in the Chicago market, this transaction signifies a significant investment in the multifamily sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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