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Vesta Preferred Realty Facilitates $1.65M Sale Of Multifamily Property In Chicago

Property Image
SOLD
$1,650,000

Illinois

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MultiFamily8,000 SF
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Property Image
SOLD

Vesta Preferred Realty Facilitates $1.65M Sale Of Multifamily Property In Chicago

2633 North Magnolia Avenue, Chicago, Illinois 60614, United States

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MultiFamily8,000 SF
Sold
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$206
Total Square Footage:8000 SF
Transaction Type:Sale

A multifamily property located at 2633 N Magnolia Ave in Chicago, IL has been sold for $1,650,000. The transaction took place on April 15, 2022. The property consists of 3 units, with a price per unit (PPU) of $550,000. The total square footage of the property is 8,000, resulting in a price per square foot (PPSF) of $206.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Units: 3
  • Price per Unit (PPU): $550,000
  • Square Footage: 8,000
  • Price per Square Foot (PPSF): $206

The sale of this multifamily property was facilitated by Grigory Pekarsky from Vesta Preferred Realty. Grigory Pekarsky acted as the broker representing the parties involved in the transaction.

Players

Grigory Pekarsky
8 deals$11.5M volume
BROKER

Details

SOLD
IMAGE: Grigory Pekarsky DATE: 04/15/2022 ADDRESS: 2633 N Magnolia Ave MARKET: Chicago, IL ASSET TYPE: Multifamily BROKER: Grigory Pekarsky (@Grigory_Pekarsky) - Vesta Preferred Realty (@Vesta_Preferred_Realty_Chicago) (@VestaPreferredChicago) SALE PRICE: $1,650,000 UNITS: 3 ~ PPU: $550,000 SF: 8,000 ~ PPSF: $206

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

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10