Apartment Investment Advisers Acquires Multifamily Property In Chicago For $1.75M
SOLD
$1,750,000
Illinois
See Similar DealsMultiFamily
Sold 11/24/2020
SOLD
Apartment Investment Advisers Acquires Multifamily Property In Chicago For $1.75M
2240 North Sawyer Avenue
See Similar DealsMultiFamily
Sold 11/24/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
An apartment building located at 2240 N. Sawyer Avenue in Chicago has been sold for a total price of $1,750,000. The property is a multifamily asset consisting of 6 units. This translates to a price per unit of approximately $291,666. The transaction took place on November 25, 2020. The sale was facilitated by Bill Cassin of Apartment Investment Advisers (AIA).
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 6
- Price per Unit: $291,666
- Date: November 25, 2020
- Address: 2240 N. Sawyer Avenue, Chicago
- Broker: Bill Cassin - Apartment Investment Advisers (AIA)
Bill Cassin of Apartment Investment Advisers (AIA) played a key role in facilitating the sale of the apartment building located at 2240 N. Sawyer Avenue in Chicago. The transaction took place on November 25, 2020, with a total sale price of $1,750,000. The property is a multifamily asset comprising of 6 units, with each unit valued at approximately $291,666.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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