Feras Abbas Acquires 4-Unit Multifamily In Chicago For $1.06M
SOLD
$1,060,000
Illinois
See Similar DealsMultiFamily5,662 SF
Sold 03/01/2021
SOLD
Feras Abbas Acquires 4-Unit Multifamily In Chicago For $1.06M
2535 N Kimball Ave, Chicago, IL, USA
See Similar DealsMultiFamily5,662 SF
Sold 03/01/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:5,662 SF
Transaction Type:Sale
The multifamily property located at 2535 N Kimball Ave in Chicago has been sold for a total price of $1,060,000. The property consists of 4 units, making the price per unit $265,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,060,000
- Address: 2535 N Kimball Ave
- Market: Chicago
Feras Abbas from Jameson Sotheby's Intl Realty represented the buyer in this transaction. The seller was represented by Kevin Rocio roperties Commercial and Mike Rasmussen roperties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,765.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,024.94
Annual Debt Service$60,299.29
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