Junzhou Cui Acquires Multifamily Property In Chicago For $1.1M
SOLD
$1,099,000
Illinois
See Similar DealsMultiFamily3,600 SF
Sold 01/28/2022
SOLD
Junzhou Cui Acquires Multifamily Property In Chicago For $1.1M
2222 West Augusta Boulevard, Chicago, Illinois 60622, United States
See Similar DealsMultiFamily3,600 SF
Sold 01/28/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:3,600 SF
Transaction Type:Sale
The multifamily property located at 2222 W Augusta Blvd in Chicago has been sold. The sale was facilitated by Junzhou Cui of Citywide Real Estate, representing the buyer, and David Labunski of Cedar Realty, representing the seller. The transaction took place on January 28, 2022, with a sale price of $1,099,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,099,000
- Square Footage: 3,600
- Price per Square Foot: $305
- Lot Size: 2,614 square feet
- Price per Lot Size: $420 per square foot
Junzhou Cui from Citywide Real Estate represented the buyer in the transaction, while David Labunski from Cedar Realty represented the seller. The property offers 3,600 square feet of space at a price of $305 per square foot. The lot size is 2,614 square feet, equating to a price of $420 per square foot.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,613.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,904.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,209.82
Annual Debt Service$62,517.85
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