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Landmark & Property Group Inc Acquires Multifamily Building In Chicago For $1.45M

Property Image
SOLD
$1,450,000

Illinois

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MultiFamily5,150 SF
Sold 12/15/2021
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SOLD

Landmark & Property Group Inc Acquires Multifamily Building In Chicago For $1.45M

2719 North Kenmore Avenue, Chicago, IL 60614

See Similar Deals
MultiFamily5,150 SF
Sold 12/15/2021
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$281
Total Square Footage:5,150 SF
Transaction Type:Sale

Located in Chicago, the multifamily property at 2719 N Kenmore Ave recently changed hands in a sale transaction. The property, which spans 5,150 square feet, offers a total of four units. The sale price for this asset was $1,450,000, resulting in a price per unit of $362,500. The price per square foot was calculated at $282. The lot size for this property is 3,525 square feet, with a price per lot square foot of $411.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,450,000
  • Units: 4
  • Price per Unit: $362,500
  • Square Footage: 5,150
  • Price per Square Foot: $282
  • Lot Size: 3,525 square feet
  • Price per Lot Square Foot: $411

The transaction was facilitated by Bao Na Li from Landmark & Property Group, Inc, who represented the buyer. On the seller's side, Mary Beirne from Dream Town Realty acted as the seller's representative in the deal.

Players

2 deals$2.5M volume
BROKER

Mary Beirne
2 deals$3M volume
BROKER

Details

SOLD
IMAGE: Mary Beirne DATE: 12/15/2021 ADDRESS: 2719 N Kenmore Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Bao Na Li - Landmark & Property Group, Inc SELLER'S REP: Mary Beirne - Dream Town Realty SALE PRICE: $1,450,000 UNITS: 4 ~ PPU: $362,500 SF: 5,150 ~ PPSF: $282 LOT SF: 3,525 ~ PPLSF: $411

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

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88