Keller Williams ONEChicago Acquires 3-Unit Multifamily In Chicago For $1.3M
SOLD
$1,299,000
Illinois
See Similar DealsMultiFamily5,000 SF
Sold 01/25/2022
SOLD
Keller Williams ONEChicago Acquires 3-Unit Multifamily In Chicago For $1.3M
3125 W Palmer Sq, Chicago, IL 60647
See Similar DealsMultiFamily5,000 SF
Sold 01/25/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:5,000 SF
Transaction Type:Sale
A multifamily property located at 3125 W Palmer Sq in Chicago has been sold for a total price of $1,299,000. The property consists of 3 units, resulting in a price per unit of $433,000. The lot size is 5,000 square feet, with a price per square foot of $260.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,299,000
- Units: 3
- Price per Unit: $433,000
- Lot Size: 5,000 square feet
- Price per Square Foot: $260
The buyer's representative in this transaction is Steve Anderson from Keller Williams ONEChicago, while the seller's representative is Karen Biazar from North Clybourn Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,280.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,615.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,157.92
Annual Debt Service$73,895.07
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