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Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.2M

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SOLD
$1,200,000

Illinois

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MultiFamily
Sold 09/29/2023
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Property Image
SOLD

Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.2M

2037 West Huron Street & 39 West Huron Street

See Similar Deals
MultiFamily
Sold 09/29/2023
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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.

Players

Konrad Dabrowski
6 deals$13.8M volume
BROKER

Emily Connolly
Exit Strategy Realty
1 deal$1.2M volume(773) 304-7887
BROKER

Details

SOLD
IMAGE: Emily Connolly & Konrad Dabrowski DATE: 09/29/2023 ADDRESS: 2037-39 West Huron Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Konrad Dabrowski (@KonradDabrowskichi) - Fulton Grace Realty (@FultonGraceRealty) SELLER'S REP: Emily Connolly (@Twiceasniceproperties) - EXIT Strategy Realty (@ExitStrategyRealty) SALE PRICE: $1,200,000 LOT SF: 5,832 ~ PPLSF: $206 NOTE: A land parcel at 2037-39 West Huron Street in Chicago was sold for $1.2 million. The buyer was represented by Konrad Dabrowski of Fulton Grace Realty, while Emily Connolly of EXIT Strategy Realty represented the seller.

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Deal Type
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