The Apartment Source Acquires Multifamily Property On West Chicago Ave For $1.13M
SOLD
$1,130,000
Illinois
See Similar DealsMultiFamily6,276 SF
Sold
SOLD
The Apartment Source Acquires Multifamily Property On West Chicago Ave For $1.13M
2732 West Chicago Avenue, Chicago, IL 60622, USA
See Similar DealsMultiFamily6,276 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$180
Total Square Footage:6276 SF
Transaction Type:Sale
A multifamily property located at 2732 W Chicago Ave in Chicago was sold on 04/16/2021. The property, measuring 6,276 square feet, was purchased for $1,130,000, resulting in a price per square foot of $180.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,130,000
- Address: 2732 W Chicago Ave, Chicago
- Market: Chicago
Tyson Schutz from The Apartment Source acted as the buyer's representative in this transaction, while Richard Anselmo Properties represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,014.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,356.78
Annual Debt Service$64,281.32
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