Dream Town Realty Acquires Multifamily Property In Chicago For $1.35M
SOLD
$1,350,000
Illinois
See Similar DealsMultiFamily3,125 SF
Sold 02/16/2021
SOLD
Dream Town Realty Acquires Multifamily Property In Chicago For $1.35M
2044 North Fremont Street, Chicago, IL, USA
See Similar DealsMultiFamily3,125 SF
Sold 02/16/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$432
Total Square Footage:3,125 SF
Transaction Type:Sale
A multifamily property located at 2044 N Fremont St in the city of Chicago has been sold for a price of $1,350,000. The transaction took place on February 16, 2021. The property is represented by Ian Halpin from Dream Town Realty as the buyer's representative, and Harrison Cohen from Triton Realty Group LLC as the seller's representative.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 2044 N Fremont St, Chicago
- Market: Chicago
- Buyer's Representative: Ian Halpin - Dream Town Realty
- Seller's Representative: Harrison Cohen - Triton Realty Group LLC
This transaction highlights the involvement of key individuals and companies in the deal, namely Ian Halpin from Dream Town Realty representing the buyer and Harrison Cohen from Triton Realty Group LLC representing the seller. Both parties played a crucial role in facilitating the successful sale of the multifamily property located at 2044 N Fremont St in Chicago.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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