Carrie McCormick Acquires Multifamily Property In Chicago For $1.45M
SOLD
$1,450,000
Illinois
See Similar DealsMultiFamily
Sold 06/02/2022
SOLD
Carrie McCormick Acquires Multifamily Property In Chicago For $1.45M
2021 West Dickens Avenue, Chicago, Illinois 60614, United States
See Similar DealsMultiFamily
Sold 06/02/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
Located in the Chicago market, the multifamily property at 2021 W Dickens Ave recently changed hands in a closed transaction. The sale, facilitated by Carrie McCormick, a representative from Anne Killarney Properties Christie's International Real Estate, was finalized on 06/02/2022 for a sale price of $1,450,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 2021 W Dickens Ave
- Market: Chicago
Carrie McCormick, along with Anne Killarney Properties Christie's International Real Estate, played a pivotal role as the brokers representing the parties involved in this transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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