Jameson Sotheby's Intl Realty Represents Buyer In $1.165M Multifamily Sale In Chicago
SOLD
$1,165,000
Illinois
See Similar DealsMultiFamily3,125 SF
Sold 05/11/2021
SOLD
Jameson Sotheby's Intl Realty Represents Buyer In $1.165M Multifamily Sale In Chicago
2121 North Magnolia Avenue, Chicago, IL, USA
See Similar DealsMultiFamily3,125 SF
Sold 05/11/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$372
Total Square Footage:3,125 SF
Transaction Type:Sale
The multifamily property located at 2121 N Magnolia St in Chicago was recently sold for $1,165,000. The transaction took place on 05/11/2021, and the property consists of 3 units, resulting in a price per unit of $388,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- Address: 2121 N Magnolia St, Chicago
- Market: Chicago
Michael Battista from Jameson Sotheby's Intl Realty represented the buyer in this sale, while Susan Nice from Dream Town Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,139.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,522.69
Annual Debt Service$66,272.33
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