Compass Represents Buyer In $2.2M Multifamily Sale On N Halsted St, Chicago
SOLD
$2,200,000
Illinois
See Similar DealsMultiFamily7,400 SF
Sold 11/23/2021
SOLD
Compass Represents Buyer In $2.2M Multifamily Sale On N Halsted St, Chicago
3410 North Halsted Street, Chicago, IL 60657, USA
See Similar DealsMultiFamily7,400 SF
Sold 11/23/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$297
Total Square Footage:7,400 SF
Transaction Type:Sale
A multifamily property located at 3410 N Halsted St in Chicago has been sold. The property spans 7,400 square feet and is comprised of multiple residential units. The sale price for this transaction was $2,200,000, resulting in a price per square foot of $297. The lot size for the property is 3,125 square feet, with a price per lot size square foot of $704.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 3410 N Halsted St, Chicago
- Square Footage: 7,400
- Price per Square Foot: $297
- Lot Size: 3,125 square feet
- Price per Lot Size Square Foot: $704
Danny O'Donoghue from Compass represented the buyer in this transaction, while Michael Battista from Jameson Sotheby's International Realty represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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