Mario Greco & Jeanne Keating Acquires Multifamily Property In Chicago
SOLD
$1,715,000
Illinois
See Similar DealsMultiFamily6,700 SF
Sold 05/20/2020
SOLD
Mario Greco & Jeanne Keating Acquires Multifamily Property In Chicago
2745 N Ashland Ave, Chicago, IL, USA
See Similar DealsMultiFamily6,700 SF
Sold 05/20/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:6,700 SF
Transaction Type:Sale
Located in Chicago, the multifamily property at 2745 N Ashland Ave was recently sold in a closed transaction. The property consists of 3 units, and the sale price was $1,715,000, resulting in a per unit price of $571,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,715,000
- Address: 2745 N Ashland Ave, Chicago
- Market: Chicago
In this transaction, the buyer was represented by Jeanne Keating Properties. On the other hand, the seller was represented by Mario Greco and Nurettin Dasdelen from Berkshire Hathaway HomeServices Chicago.
Through this deal, the buyer acquired a multifamily property consisting of 3 units. The property is located at 2745 N Ashland Ave in the Chicago market. Jeanne Keating Properties represented the buyer, while Mario Greco and Nurettin Dasdelen from Berkshire Hathaway HomeServices Chicago represented the seller.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,093.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,129.97
Annual Debt Service$97,559.70
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