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Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.2M
SOLD
Illinois
See Similar DealsMultiFamily
Sold 09/29/2023
SOLD
Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.2M
2037 West Huron Street & 39 West Huron Street
See Similar DealsMultiFamily
Sold 09/29/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 2037-39 West Huron Street in Chicago has been sold for $1.2 million. The property covers a land area of 5,832 square feet, resulting in a price per square foot of $206.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Lot Size: 5,832 square feet
- Price per Square Foot: $206
- Address: 2037-39 West Huron Street, Chicago
- Market: Chicago
The buyer, represented by Konrad Dabrowski of Fulton Grace Realty, acquired the property. On the other hand, Emily Connolly of EXIT Strategy Realty acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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