Interra Realty Brokers Sell Garfield Park Multifamily For $480K
SOLD
$480,000
Illinois
See Similar DealsMultiFamily
Sold 08/01/2022
SOLD
Interra Realty Brokers Sell Garfield Park Multifamily For $480K
3056 West Franklin Boulevard, Chicago, Illinois 60612, United States
See Similar DealsMultiFamily
Sold 08/01/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 3056 W Franklin Blvd in Garfield Park, Chicago has been sold for a transaction amount of $480,000. The sale was facilitated by brokers Sam Gutierrez and Lucas Fryman from Interra Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $480,000
- Address: 3056 W Franklin Blvd
- Market: Garfield Park, Chicago
- Brokers: Sam Gutierrez & Lucas Fryman - Interra Realty
Sam Gutierrez and Lucas Fryman, representing Interra Realty, played a key role in the successful sale of this multifamily property in Garfield Park. Their expertise and negotiation skills contributed to the transaction's completion.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$25,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,705.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,275.44
Annual Debt Service$27,305.34
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