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Niko Voutsinas Of Redfin Represents Buyer In Chicago Multifamily Sale For $1.525M
SOLD
$1,525,000
Illinois
See Similar DealsMultiFamily
Sold 09/13/2024
SOLD
Niko Voutsinas Of Redfin Represents Buyer In Chicago Multifamily Sale For $1.525M
2473 North Albany Avenue
See Similar DealsMultiFamily
Sold 09/13/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 2473 North Albany Avenue in Chicago has been sold for $1,525,000. The property spans 0.77 acres and includes a remodeled French country home that features modern finishes, along with a deep double lot providing extensive outdoor space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,525,000
- Address: 2473 North Albany Avenue
- Market: Chicago
- Acres: 0.77
- Buyer's Representative: Niko Voutsinas - Redfin
- Seller's Representative: Cassandra Bockman Hart - Berkshire Hathaway HomeServices Starck Real Estate
This transaction involved Niko Voutsinas representing the buyer and Cassandra Bockman Hart representing the seller, showcasing the collaboration between Redfin and Berkshire Hathaway HomeServices Starck Real Estate in this multifamily asset deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$81,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,418.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,229.28
Annual Debt Service$86,751.34
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