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Dream Town Real Estate Represents Buyer In $1.075M Multifamily Sale In Chicago

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SOLD
$1,075,000

Illinois

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MultiFamily
Sold 04/08/2024
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Property Image
SOLD

Dream Town Real Estate Represents Buyer In $1.075M Multifamily Sale In Chicago

2235 North Kimball Avenue

See Similar Deals
MultiFamily
Sold 04/08/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 2235 North Kimball Avenue in Chicago was sold for $1,075,000. This property comprises two completely remodeled units in the front building, each with 3 bedrooms and 2 bathrooms, and two units in the back building, each featuring 2 bedrooms and 1 bathroom. The units boast updated kitchens, hardwood floors, and enclosed porches, making it an attractive investment opportunity. Situated in Logan Square, the property is conveniently located near various amenities and public transportation options.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,075,000
  • Address: 2235 North Kimball Avenue
  • Market: Chicago

Ted Mortellaro and Todd Szwajkowski represented the buyer for this transaction from Dream Town Real Estate. On the other side, Sohail Salahuddin of EXP Realty acted as the seller's representative. This deal brought together professionals from different agencies, each leveraging their expertise to facilitate the successful sale of the multifamily property in a bustling Chicago neighborhood.

Players

Sohail Salahuddin
3 deals$3.4M volume(312) 818-2978
BROKER

Todd Szwajkowski
Dream Town Real Estate
3 deals$3.7M volume(773) 531-7707
BROKER

Ted Mortellaro
Dream Town Real Estate
3 deals$3.7M volume(773) 793-0313
BROKER

Details

SOLD
IMAGE: Ted Mortellaro, Todd Szwajkowski & Sohail Salahuddin DATE: 04/08/2024 ADDRESS: 2235 North Kimball Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Ted Mortellaro (@TjMort15) & Todd Szwajkowski (@ToddKowski) - Dream Town Real Estate (@DreamTownChicago) SELLER'S REP: Sohail Salahuddin - EXP Realty (@ExpRealty_) SALE PRICE: $1,075,000 NOTE: Ted Mortellaro and Todd Szwajkowski from Dream Town Real Estate represented the buyer, while Sohail Salahuddin from EXP Realty represented the seller in the sale of a multifamily property located at 2235 North Kimball Avenue in Chicago for $1,075,000. The property consists of two completely remodeled units in the front building with 3 bedrooms and 2 bathrooms each, as well as two units in the back building with 2 bedrooms and 1 bathroom each, featuring updated kitchens, hardwood floors, and enclosed porches, situated in the heart of Logan Square near various amenities and public transportation options.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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