Root Realty Sells 5-Unit Multifamily Property In Logan Square, Chicago
SOLD
Illinois
See Similar DealsMultiFamily6,300 SF
Sold 06/24/2022
SOLD
Root Realty Sells 5-Unit Multifamily Property In Logan Square, Chicago
2122 North Sawyer Avenue
See Similar DealsMultiFamily6,300 SF
Sold 06/24/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:6,300 SF
Transaction Type:Sale
A multifamily property located at 2122 N Sawyer Ave in Logan Square, Chicago was recently sold for $1,109,000. The property consists of 5 units, with a price per unit of $221,800. It spans across 6,300 square feet, resulting in a price per square foot of $176.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,109,000
- Units: 5
- Price per Unit: $221,800
- Square Footage: 6,300
- Price per Square Foot: $176
- Address: 2122 N Sawyer Ave
- Market: Logan Square, Chicago
The sale was facilitated by Kevin Itima, Joseph Root, and Michael Root of Root Realty. They represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,146.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,940.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,257.23
Annual Debt Service$63,086.71
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