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USA Realty Group Acquires Multifamily Property In Chicago For $4.85M

Property Image
SOLD
$4,850,000
Pasquale Recchia
Betty Prejzner

Illinois

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MultiFamily
Sold 11/10/2023
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Property Image
SOLD

USA Realty Group Acquires Multifamily Property In Chicago For $4.85M

2942 North Lincoln Avenue

See Similar Deals
MultiFamily
Sold 11/10/2023
Pasquale Recchia
Betty Prejzner
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

In Chicago, a multifamily property at 2942 North Lincoln Avenue was sold for $4,850,000. The property comprises 7 units and has a per-unit price of $692,857.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,850,000
  • Units: 7
  • Price Per Unit: $692,857

Betty Prejzner of USA Realty Grouprepresented the buyer in the transaction, while Pasquale Recchia of @properties Christie's International Real Estate represented the seller.

Players

Pasquale Recchia
At Properties Commercial
Pasquale Recchia
2 deals$7.1M volume(773) 432-0200
BROKER
Betty Prejzner
USA Realty Group
Betty Prejzner
2 deals$5.9M volume(630) 234-2104
BROKER

Details

SOLD
IMAGE: Pasquale Recchia & Betty Prejzner DATE: 11/10/2023 ADDRESS: 2942 North Lincoln Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Betty Prejzner (@BettyPrejzner) - USA Realty Group SELLER'S REP: Pasquale Recchia (@PasqualeRecchia) - @properties (@AtProperties) Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $4,850,000 UNITS: 7 ~ PPU: $692,857 NOTE: In Chicago, a multifamily property at 2942 North Lincoln Avenue was sold for $4,850,000. Betty Prejzner of USA Realty Group represented the buyer, and Pasquale Recchia of @properties Christie's International Real Estate represented the seller in the transaction. The property comprises 7 units, with a per-unit price of $692,857.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$258,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
Annual Debt Service$275,897.69