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2155 North Spaulding Avenue Multifamily Sells For $1.2M With Jon Gerstein & Robert Sikkel

Property Image
SOLD
$1,155,000
Robert Sikkel
Jon Gerstein

Illinois

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MultiFamily
Sold 09/15/2023
the dealplayerscompscontact
Property Image
SOLD

2155 North Spaulding Avenue Multifamily Sells For $1.2M With Jon Gerstein & Robert Sikkel

2155 North Spaulding Avenue

See Similar Deals
MultiFamily
Sold 09/15/2023
Robert Sikkel
Jon Gerstein
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 2155 North Spaulding Avenue in Chicago was sold for a total price of $1,155,000. The property consists of 4 units with a per-unit price of $288,750.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,155,000
  • Units: 4
  • Per Unit Price: $288,750

The sale of the property at 2155 North Spaulding Avenue involved brokers Jon Gerstein and Robert Sikkel, who represented @properties / Christie's International Real Estate.

Players

Robert Sikkel
At Properties Commercial
Robert Sikkel
5 deals$6.6M volume
BROKER
Jon Gerstein
At Properties Commercial
Jon Gerstein
1 deal$1.2M volume(312) 961-2129
BROKER

Details

SOLD
IMAGE: Jon Gerstein & Robert Sikkel DATE: 09/15/2023 ADDRESS: 2155 North Spaulding Avenue MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Jon Gerstein (@jongerstein) & Robert Sikkel - @properties (@AtProperties)/Christie's International Real Estate SALE PRICE: $1,155,000 UNITS: 4 ~ PPU: $288,750 NOTE: A multifamily property located at 2155 North Spaulding Avenue in Chicago was sold for a total price of $1,155,000. The transaction involved brokers Jon Gerstein, Robert Sikkel, and @properties Christie's International Real Estate, and the property consists of 4 units with a per-unit price of $288,750.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$61,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,103.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,475.29
Annual Debt Service$65,703.47