Carrie McCormick Acquires Multifamily Property In Chicago For $2.02M
SOLD
$2,020,000
Illinois
See Similar DealsMultiFamily5,103 SF
Sold 12/23/2021
SOLD
Carrie McCormick Acquires Multifamily Property In Chicago For $2.02M
2244 West Armitage Avenue, Chicago, IL 60647
See Similar DealsMultiFamily5,103 SF
Sold 12/23/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$395
Total Square Footage:5,103 SF
Transaction Type:Sale
A multifamily property located at 2244 W Armitage Ave in Chicago has been sold for $2,020,000. The property spans 5,103 square feet, resulting in a price per square foot of $396. The lot size is 2,400 square feet with a price per lot square foot of $842.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,020,000
- Address: 2244 W Armitage Ave, Chicago
- Market: Chicago
- Property Size: 5,103 square feet
- Price per Square Foot: $396
- Lot Size: 2,400 square feet
- Price per Lot Square Foot: $842
The buyer's representative in this transaction was Carrie McCormick roperties, while the seller's representative was Arnell Cordero from Fulton Grace Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$107,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,176.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,575.83
Annual Debt Service$114,909.97
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