George Kokkonas Acquires 4-Unit Multifamily In Chicago For $1.17M
SOLD
$1,175,000
Illinois
See Similar DealsMultiFamily
Sold 01/26/2022
SOLD
George Kokkonas Acquires 4-Unit Multifamily In Chicago For $1.17M
2234 West Palmer Street, Chicago, Illinois 60647, United States
See Similar DealsMultiFamily
Sold 01/26/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
Located at 2234 W Palmer St in Chicago, this multifamily property was recently sold. The transaction took place on January 19, 2022, with a sale price of $1,175,000. The asset consists of 4 units with a per unit price of $293,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 2234 W Palmer St, Chicago
- Market: Chicago
- Buyer's Rep: George Kokkonas - 33 Realty
- Seller's Rep: Karen Biazar - North Clybourn Group
George Kokkonas from 33 Realty represented the buyer in this transaction, while Karen Biazar from North Clybourn Group represented the seller. The sale of this property marks a significant deal in the Chicago market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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