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Westward360 Compass Brokers Chloe Reynolds & Alan Cosby Sell Lincoln Park Multifamily For $1.485M

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SOLD
$1,485,000
Chloe Reynolds
Alan Cosby

Illinois

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SOLD

Westward360 Compass Brokers Chloe Reynolds & Alan Cosby Sell Lincoln Park Multifamily For $1.485M

2437 North Seminary Avenue

See Similar Deals
MultiFamily
Sold
Chloe Reynolds
Alan Cosby
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property located at 2437 N Seminary Ave in Lincoln Park, Chicago has been sold as a multifamily asset. The transaction took place on 12/02/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,485,000
  • Units: 5
  • Price Per Unit (PPU): $334,143

The sale was facilitated by Chloe Reynolds and Alan Cosby of Westward360, who represented the parties involved in the deal. Chloe Reynolds and Alan Cosby are brokers from Compass.

Players

Alan Cosby
Westward360
Alan Cosby
6 deals$8.7M volume
BROKER
Chloe Reynolds
Compass
Chloe Reynolds
4 deals$6.7M volume(312) 771-7820
BROKER

Details

SOLD
IMAGE: Chloe Reynolds DATE: 12/02/2022 ADDRESS: 2437 N Seminary Ave MARKET: Lincoln Park, Chicago ASSET TYPE: Multifamily BROKERS: Chloe Reynolds (@ChloeReynoldsRealEstate) & Alan Cosby - Westward360 (@Westward360) - Compass (@CompassChicago) SALE PRICE: $1,485,000 UNITS: 5 ~ PPU: $334,143

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

$79,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,275.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,039.66
Annual Debt Service$84,475.89