Optimus Realty Group Sells Multifamily Property In Belmont Cragin, Chicago For $570,000
SOLD
$570,000
Illinois
See Similar DealsMultiFamily1,466 SF
Sold 01/03/2022
SOLD
Optimus Realty Group Sells Multifamily Property In Belmont Cragin, Chicago For $570,000
2733 North Oak Park Avenue, Chicago, IL 60707
See Similar DealsMultiFamily1,466 SF
Sold 01/03/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$388
Total Square Footage:1,466 SF
Transaction Type:Sale
An multifamily property located at 2733 N. Oak Park Ave in Belmont Cragin, Chicago has been sold for a price of $570,000. The property consists of 6 units, resulting in a per unit price of $95,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $570,000
- Address: 2733 N. Oak Park Ave
- Market: Belmont Cragin, Chicago
The seller of the property was Optimus Realty Group. The deal was facilitated by Jack Petrando from Kiser Group, serving as the broker for the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$30,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,025.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,702.09
Annual Debt Service$32,425.09
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