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Brian Moon Acquires Multifamily Property In Chicago For $1.145M
SOLD
$1,145,000
Illinois
See Similar DealsMultiFamily
Sold 05/31/2024
SOLD
Brian Moon Acquires Multifamily Property In Chicago For $1.145M
2036 North Spaulding Avenue
See Similar DealsMultiFamily
Sold 05/31/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
2036 North Spaulding Avenue in Chicago, a multifamily asset, was sold for $1,145,000. This turnkey residence/investment opportunity boasts a meticulously crafted yard, multiple rental units generating additional income, and a prime location in Logan Square, offering a vibrant lifestyle and promising a high return on investment.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,145,000
- Address: 2036 North Spaulding Avenue
- Market: Chicago
- Buyer's Rep: Brian Moon - Keller Williams ONEChicago
- Seller's Rep: Jason Rosenberg - Infiniti Properties
Brian Moon from Keller Williams ONEChicago represented the buyer, while Jason Rosenberg from Infiniti Properties represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,067.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,427.88
Annual Debt Service$65,134.61
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