Brett Picarazzi & Mark Kurgan Close $1.18M Sale Of 5-Unit Multifamily In Chicago
SOLD
$1,185,000
Illinois
See Similar DealsMultiFamily5,159 SF
Sold 06/01/2020
SOLD
Brett Picarazzi & Mark Kurgan Close $1.18M Sale Of 5-Unit Multifamily In Chicago
2236 West Augusta Boulevard, Chicago, IL 60622
See Similar DealsMultiFamily5,159 SF
Sold 06/01/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$229
Total Square Footage:5,159 SF
Transaction Type:Sale
The multifamily property located at 2236 W Augusta Blvd in Chicago was recently sold for a price of $1,185,000. The property consists of 5 units, with each unit having a price per unit (PPU) of $237,000. The total square footage of the property is 5,159, resulting in a price per square foot (PPSF) of $230.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,185,000
- Units: 5
- Price per Unit (PPU): $237,000
- Square Footage: 5,159
- Price per Square Foot (PPSF): $230
The buyer's representative for this transaction was Brett Picarazzi from tProperties, while the seller's representative was Mark Kurgan from 33 Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,210.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,617.50
Annual Debt Service$67,410.05
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