Dream Town Realty Sells Multifamily Property On W Ohio St In Chicago For $1.45M
SOLD
$1,450,000
Illinois
See Similar DealsMultiFamily2,976 SF
Sold 10/25/2021
SOLD
Dream Town Realty Sells Multifamily Property On W Ohio St In Chicago For $1.45M
2224 West Ohio Street, Chicago, IL 60612, USA
See Similar DealsMultiFamily2,976 SF
Sold 10/25/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$487
Total Square Footage:2,976 SF
Transaction Type:Sale
The multifamily property located at 2224 W Ohio St in Chicago was recently sold for $1,450,000. The transaction took place on October 25, 2021, and the property consists of 4 units. With a price per unit (PPU) of $362,500, this property offers a lucrative investment opportunity in the Chicago market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 4
- PPU: $362,500
The buyer's representative in this transaction was Michael Kang from Coldwell Banker Realty, while Vincent Anzalone and Sylvia Jablonska from Dream Town Realty represented the seller. These professionals played a crucial role in facilitating the successful sale of the property on behalf of their clients.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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