Dream Town Realty Acquires Multifamily Property In Chicago For $1.81M
SOLD
$1,810,000
Illinois
See Similar DealsMultiFamily6,300 SF
Sold 11/04/2021
SOLD
Dream Town Realty Acquires Multifamily Property In Chicago For $1.81M
2639 North Wayne Avenue, Chicago, IL 60614
See Similar DealsMultiFamily6,300 SF
Sold 11/04/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$287
Total Square Footage:6,300 SF
Transaction Type:Sale
Located at 2639 N Wayne Ave in Chicago, this multifamily property was recently sold for a price of $1,810,000. The sale took place on 11/04/2021 and involved a total of 3 units, resulting in a price per unit of $603,333. With a total square footage of 6,300, the property had a price per square foot of $287.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,810,000
- Address: 2639 N Wayne Ave
- Market: Chicago
The buyer's representative in this transaction was Midori Sahara from Dream Town Realty, while the seller was represented by Al Zoubi from Zoubi Realty LTD. Both parties played vital roles in the successful completion of this sale.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,430.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,580.32
Annual Debt Service$102,963.88
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