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Cullerton Street Properties, LLC Acquires Multifamily Property In Pilsen For $1.2M

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SOLD
$1,200,000

Illinois

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MultiFamily5,450 SF
Sold 08/17/2022
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Property Image
SOLD

Cullerton Street Properties, LLC Acquires Multifamily Property In Pilsen For $1.2M

2037 West 19th Street

See Similar Deals
MultiFamily5,450 SF
Sold 08/17/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$220
Total Square Footage:5,450 SF
Transaction Type:Sale

Cullerton Street Properties, LLC has acquired a multifamily property located at 2037 W 19th St in Pilsen. The property consists of 7 units with a total square footage of 5,450. The sale price for this transaction was $1,200,000, resulting in a price per unit of $171,429 and a price per square foot of $220.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 2037 W 19th St
  • Market: Pilsen

The seller, Pioneer 19th Street, LLC, was represented by Paul Cawthon & Angelo Labriola from SVN | Chicago Commercial. They facilitated the deal on behalf of the seller and ensured a successful transaction.

Players

Paul Cawthon
12 deals$28.5M volume
BROKER

Angelo Labriola
SVN
11 deals$26.6M volume(312) 676-1870
BROKER

Details

SOLD
IMAGE: Paul Cawthon & Angelo Labriola DATE: 08/17/2022 ADDRESS: 2037 W 19th St MARKET: Pilsen ASSET TYPE: Multifamily BUYER: Cullerton Street Properties, LLC SELLER: Pioneer 19th Street, LLC BROKERS: Paul Cawthon & Angelo Labriola - SVN | Chicago Commercial SALE PRICE: $1,200,000 UNITS: 7 ~ PPU: $171,429 SF: 5,450 ~ PPSF: $220

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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