Bridgeport Buildings LLC Acquires 10-Unit Multifamily In Bridgeview, Chicago For $1M
SOLD
$1,000,000
Illinois
See Similar DealsMultiFamily6,000 SF
Sold 11/16/2022
SOLD
Bridgeport Buildings LLC Acquires 10-Unit Multifamily In Bridgeview, Chicago For $1M
3404 South Morgan
See Similar DealsMultiFamily6,000 SF
Sold 11/16/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$166
Total Square Footage:6,000 SF
Transaction Type:Sale
The multifamily property located at 3404 S Morgan in Bridgeview, Chicago has been sold in a recent transaction. The property consists of 10 units with a total area of 6,000 square feet. The sale price for the property was $1,000,000, resulting in a price per unit of $100,000 and a price per square foot of $167.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 10
- Price per Unit: $100,000
- Square Footage: 6,000
- Price per Square Foot: $167
Bridgeport Buildings LLC has acquired the property from the seller, Kung Wong. The sale was facilitated by Paul Tsakiris and Jacob Elgazar, representatives from First Western Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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