Chicago Multifamily At 2648 N Wayne Ave Sold For $1.4M With Donald Felton - Chicago's Real Estate Agency Representing Buyer & Kevin Wood Properties Representing Seller
SOLD
$1,439,000
Illinois
See Similar DealsMultiFamily4,110 SF
Sold 05/12/2021
SOLD
Chicago Multifamily At 2648 N Wayne Ave Sold For $1.4M With Donald Felton - Chicago's Real Estate Agency Representing Buyer & Kevin Wood Properties Representing Seller
2648 N Wayne Ave, Chicago, IL, USA
See Similar DealsMultiFamily4,110 SF
Sold 05/12/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$350
Total Square Footage:4,110 SF
Transaction Type:Sale
Located in Chicago, the multifamily property at 2648 N Wayne Ave has been sold for a price of $1,439,000. The transaction took place on May 12, 2021. The property features multiple units and is situated in a vibrant market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,439,000
- Address: 2648 N Wayne Ave, Chicago
- Market: Chicago
The buyer's representative in this deal was Donald Felton from Chicago's Real Estate Agency, while the seller's representative was Kevin Wood Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,746.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,112.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,821.59
Annual Debt Service$81,859.13
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