Arhome Realty Acquires Multifamily Property In Chicago For $1.9M
SOLD
$1,900,000
Illinois
See Similar DealsMultiFamily4,850 SF
Sold 04/16/2021
SOLD
Arhome Realty Acquires Multifamily Property In Chicago For $1.9M
2744 North Southport Avenue, Chicago, IL 60614
See Similar DealsMultiFamily4,850 SF
Sold 04/16/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:4,850 SF
Transaction Type:Sale
Located in Chicago, the multifamily property at 2744 N Southport Ave has been sold for $1,900,000. This transaction took place on April 16, 2021. The property is situated in the market of Chicago and is categorized as a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
The buyer's representative in this deal was Steven Chie from Arhome Realty. On the other hand, Karen Biazar and Staci Slattery, both from North Clybourn Group, Inc., served as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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