Interra Realty Brokers $1.9M Sale Of Multifamily Property In Lincoln Park, Chicago
SOLD
$1,900,000
Illinois
See Similar DealsMultiFamily5,936 SF
Sold 09/20/2022
SOLD
Interra Realty Brokers $1.9M Sale Of Multifamily Property In Lincoln Park, Chicago
2425 North Geneva Terrace, Chicago, Illinois 60614, United States
See Similar DealsMultiFamily5,936 SF
Sold 09/20/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:5,936 SF
Transaction Type:Sale
The multifamily property located at 2425 N Geneva Terrace in Lincoln Park, Chicago has been sold for $1,900,000. This property consists of 4 units, with each unit having a price per unit of $475,000. The total square footage of the property is 5,936, resulting in a price per square foot of $320.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Units: 4
- Price per Unit: $475,000
- Square Footage: 5,936
- Price per Square Foot: $320
- Address: 2425 N Geneva Terrace, Lincoln Park, Chicago
The sale of this property was facilitated by Harrison Pinkus from Interra Realty. As the broker representative for this transaction, Harrison Pinkus played a crucial role in the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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