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Interra Realty Brokers Sell Multifamily Property In Lincoln Park For $1.7M

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SOLD
$1,722,500

Illinois

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MultiFamily
Sold 05/12/2022
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Property Image
SOLD

Interra Realty Brokers Sell Multifamily Property In Lincoln Park For $1.7M

2252 North Cleveland Avenue, Chicago, Illinois 60614, United States

See Similar Deals
MultiFamily
Sold 05/12/2022
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 2252 N Cleveland Ave in Lincoln Park has been sold for a total price of $1,722,500. The transaction took place on 05/12/2022.

Summary of transaction details:

The deal was facilitated by Brad Feldman, Joe Smazal, and Mark Dykstra from Interra Realty. They represented the parties involved in the transaction.

Players

Joe Smazal
73 deals$596.9M volume
BROKER

Brad Feldman
Interra Realty
37 deals$280.5M volume
BROKER

Mark Dykstra
Interra Realty
11 deals$102M volume
BROKER

Details

SOLD
IMAGE: Joe Smazal, Brad Feldman & Mark Dykstra DATE: 05/12/2022 ADDRESS: 2252 N Cleveland Ave MARKET: Lincoln Park ASSET TYPE: Multifamily BROKERS: Brad Feldman (@BSFeldman), Joe Smazal (@JSmazal) & Mark Dykstra (@Mark_Dykstra24) - Interra Realty (@InterraRealty) SALE PRICE: $1,722,500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$91,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,119.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,165.53
Annual Debt Service$97,986.35