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Wen Kai Chueh Of Century 21 And Homes Represents Buyer In Chicago Multifamily Sale For $1.05M

Property Image
SOLD
$1,050,000
HC
WC

Illinois

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MultiFamily
Sold 07/31/2024
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Property Image
SOLD

Wen Kai Chueh Of Century 21 And Homes Represents Buyer In Chicago Multifamily Sale For $1.05M

2729 South Princeton Avenue

See Similar Deals
MultiFamily
Sold 07/31/2024
HC
WC
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multi-family property located at 2729 South Princeton Avenue in Chicago has been sold for $1,050,000. The asset comprises a six-unit front building with a finished basement and a coin-operated laundry facility, in addition to a two-story single-family house situated at the back. The property has undergone recent updates, including improvements to the roof and tuckpointing.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 6
  • Price Per Unit: $175,000
  • Buyer's Representative: Wen Kai Chueh - Century 21 and Homes
  • Seller's Representative: Hermia Cheung - Richland Properties and Homes

The transaction involved key representatives from both the buyer's and seller's sides, ensuring a smooth deal process. Wen Kai Chueh represented the buyer, while Hermia Cheung acted on behalf of the seller, both bringing expertise in their respective agencies to facilitate the sale.

Players

HC
Richland Properties and Homes
Hermia Cheung
1 deal$1.1M volume
BROKER
WC
Century 21
Wen Kai Chueh
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: 07/31/2024 ADDRESS: 2729 South Princeton Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Wen Kai Chueh - Century 21 and Homes SELLER'S REP: Hermia Cheung - Richland Properties and Homes SALE PRICE: $1,050,000 UNITS: 6 ~ PPU: $175,000 NOTE: A multi-family property at 2729 South Princeton Avenue in Chicago sold for $1.05 million. The asset includes a six-unit front building with a finished basement and coin-op laundry, plus a two-story single-family house in the back, with recent updates to the roof and tuckpointing.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
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