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Daniel Baker, Susanne Tunzi & Edith Schell Sell Chicago Multifamily For $1.18M

Property Image
SOLD
$1,187,000

Illinois

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MultiFamily
Sold 06/28/2024
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Property Image
SOLD

Daniel Baker, Susanne Tunzi & Edith Schell Sell Chicago Multifamily For $1.18M

2020 North Hoyne Avenue

See Similar Deals
MultiFamily
Sold 06/28/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A 3-unit multifamily property located at 2020 North Hoyne Avenue in Chicago's Bucktown was recently sold for $1,187,000. The property features a mix of units, including a store-front style unit, an attached garage, and a renovated owner's unit with vaulted ceilings and skylights.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,187,000
  • Units: 3
  • Price Per Unit: $395,667
  • Address: 2020 North Hoyne Avenue
  • Market: Chicago

Daniel Baker from TRITON Realty Group served as the buyer's representative in this transaction, while Edith Schell and Susanne Tunzi from @Properties Christie's International Real Estate represented the seller. The property's unique features, such as the store-front style unit, attached garage, and renovated owner's unit, contributed to the successful sale of this multifamily asset.

Players

Edith Schell
1 deal$1.2M volume(773) 593-9687
BROKER

Sue Tunzi
@Properties Christie's International Real Estate
1 deal$1.2M volume(773) 383-2225
BROKER

Daniel Baker
Teton Properties
1 deal$1.2M volume(312) 248-4677
BROKER

Details

SOLD
IMAGE: Daniel Baker, Susanne Tunzi & Edith Schell DATE: 06/28/2024 ADDRESS: 2020 North Hoyne Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Daniel Baker - TRITON Realty Group (@Triton_Realty_Group) SELLER'S REP: Edith Schell (@EdithSchell) & Susanne Tunzi (@SueTunzirealestate) - @Properties (@AtProperties) Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $1,187,000 UNITS: 3 ~ PPU: $395,667 NOTE: A 3-unit multifamily property at 2020 North Hoyne Avenue in Chicago's Bucktown sold for $1,187,000 million. Represented by Daniel Baker of TRITON Realty Group, and Edith Schell & Susanne Tunzi of @Properties Christie's International Real Estate, the unique property includes a store-front style unit, an attached garage, and a renovated owner's unit with vaulted ceilings and skylights.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,217.15
Cash-on-Cash Return-1.27%
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