Redfin Corporation Acquires Multifamily Property In Chicago For $1.3M
SOLD
$1,295,000
Illinois
See Similar DealsMultiFamily3,875 SF
Sold 05/25/2022
SOLD
Redfin Corporation Acquires Multifamily Property In Chicago For $1.3M
3401 North Hamlin Avenue, Chicago, Illinois 60618, United States
See Similar DealsMultiFamily3,875 SF
Sold 05/25/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$334
Total Square Footage:3,875 SF
Transaction Type:Sale
An multifamily property located at 3401 N Hamlin Ave in Chicago was recently sold for $1,295,000. The property spans across a lot size of 3,875 square feet, resulting in a price per square foot of $334.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,295,000
- Lot Size: 3,875 square feet
- Price per Square Foot: $334
- Address: 3401 N Hamlin Ave, Chicago
The buyer's representative in this transaction was Greg Whelan from Redfin Corporation, while the seller's representative was Timothy Sheahan from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,600.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,138.96
Annual Debt Service$73,667.53
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