Dwell One Realty Acquires Multifamily Property In Chicago For $2.5M
SOLD
$2,478,000
Illinois
See Similar DealsMultiFamily4,073 SF
Sold 12/25/2020
SOLD
Dwell One Realty Acquires Multifamily Property In Chicago For $2.5M
2243 North Seminary Avenue, Chicago, IL, USA
See Similar DealsMultiFamily4,073 SF
Sold 12/25/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$608
Total Square Footage:4,073 SF
Transaction Type:Sale
The multifamily property located at 2243 N. Seminary Avenue in Chicago was recently sold for a price of $2,478,000. The sale took place on December 25, 2020. The property is situated in the bustling Chicago market and offers a valuable investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,478,000
- Address: 2243 N. Seminary Avenue, Chicago
- Market: Chicago
- Buyer's Representative: Tim Stassi - Dwell One Realty
- Seller's Representatives: Naseem El-Barbarawi & Kelly Angelopoulos - Jameson Sotheby's Int'l Realty
- Image by: Tim Stassi
Taking charge of the deal, Tim Stassi from Dwell One Realty represented the buyer, while Naseem El-Barbarawi and Kelly Angelopoulos from Jameson Sotheby's Int'l Realty served as the seller's representatives. These professionals played a crucial role in facilitating the successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$132,160.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,803.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,746.98
Annual Debt Service$140,963.81
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