Westward 360 Acquires Multifamily Property In Chicago For $1.845M
SOLD
$1,845,000
Illinois
See Similar DealsMultiFamily8,375 SF
Sold 07/07/2020
SOLD
Westward 360 Acquires Multifamily Property In Chicago For $1.845M
2056 West Arthur Avenue, Chicago, IL 60645
See Similar DealsMultiFamily8,375 SF
Sold 07/07/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$220
Total Square Footage:8,375 SF
Transaction Type:Sale
A multifamily property located at 2056 W Arthur Ave in Chicago has been sold for a price of $1,845,000. The sale was completed on July 7, 2021. The property is situated in the Chicago market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,845,000
The buyer's representative, Nathan Brown from Westward 360, and the seller's representative, Maja Brajic from Chicago Hillcrest Realty Inc, facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,554.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,746.24
Annual Debt Service$104,954.90
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