Dream Town Realty Acquires Multifamily Property In Chicago For $1.25M With Buyer's Rep Colin Hebson
SOLD
$1,250,000
Illinois
See Similar DealsMultiFamily5,500 SF
Sold 03/12/2021
SOLD
Dream Town Realty Acquires Multifamily Property In Chicago For $1.25M With Buyer's Rep Colin Hebson
2911 North Seeley Avenue, Chicago, IL, USA
See Similar DealsMultiFamily5,500 SF
Sold 03/12/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$227
Total Square Footage:5,500 SF
Transaction Type:Sale
Located in Chicago, the multifamily property at 2911 N Seeley Ave has recently been sold. The transaction took place on 03/12/2021 and it was represented by Colin Hebson from Dream Town Realty on behalf of the buyer, and Jacqueline Bujdei from Homesmart Connect LLC on behalf of the seller. The property consists of 4 units and was sold for $1,250,000, equating to a per unit price of $312,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 2911 N Seeley Ave
- Market: Chicago
- Buyer's Representative: Colin Hebson - Dream Town Realty
- Seller's Representative: Jacqueline Bujdei - Homesmart Connect LLC
- Units: 4
- Price per Unit: $312,500
Colin Hebson from Dream Town Realty represented the buyer in this transaction, while Jacqueline Bujdei from Homesmart Connect LLC represented the seller. The deal was closed for a total of $1,250,000, with each of the 4 units being sold for $312,500.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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