Marcus & Millichap Brokers Sell Chicago Multifamily For $1.04M
SOLD
$1,040,000
Illinois
See Similar DealsMultiFamily13,400 SF
Sold 05/19/2022
SOLD
Marcus & Millichap Brokers Sell Chicago Multifamily For $1.04M
3146 West Columbus Avenue, Chicago, Illinois 60652, United States
See Similar DealsMultiFamily13,400 SF
Sold 05/19/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$77
Total Square Footage:13,400 SF
Transaction Type:Sale
Located in Chicago, the multifamily property at 3146 W Columbus Ave recently changed hands in a closed transaction. The sale was facilitated by Quentin Benedetto, Jack Stanton, and Kyle Stengle, representing Marcus & Millichap.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $1,040,000
- Units: 18
- Price per Unit: $57,778
- Square Footage: 13,400
- Price per Square Foot: $78
Quentin Benedetto, Jack Stanton, and Kyle Stengle of Marcus & Millichap played prominent roles in the deal, representing the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,694.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,930.13
Annual Debt Service$59,161.57
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