Monarch Realty Partners Acquires Multifamily Property In Chicago For $2.3M
SOLD
$2,265,000
Illinois
See Similar DealsMultiFamily10,000 SF
Sold 02/08/2021
SOLD
Monarch Realty Partners Acquires Multifamily Property In Chicago For $2.3M
1954-56 West Diversey Avenue, Chicago, IL, USA
See Similar DealsMultiFamily10,000 SF
Sold 02/08/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$226
Total Square Footage:10,000 SF
Transaction Type:Sale
The multifamily property located at 1954-56 W Diversey Ave in Chicago has been sold for $2,265,000. The transaction took place on February 8, 2021, with a total of 6 units in the building. This translates to a price per unit of $377,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,265,000
- Address: 1954-56 W Diversey Ave, Chicago
- Market: Chicago
- Buyer's Representative: Brian Semel - Monarch Realty Partners LLC
- Seller's Representative: Berthene Christos - Urban Abodes Chicago
Brian Semel from Monarch Realty Partners LLC represented the buyer in this transaction, while Berthene Christos from Urban Abodes Chicago represented the seller. Both parties played a crucial role in facilitating the successful deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,047.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,737.26
Annual Debt Service$128,847.07
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