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Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.6M

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SOLD
$1,645,000

Illinois

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MultiFamily
Sold 12/21/2023
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Property Image
SOLD

Fulton Grace Realty Acquires Multifamily Property In Chicago For $1.6M

3415 North Bosworth Avenue

See Similar Deals
MultiFamily
Sold 12/21/2023
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 3415 North Bosworth Avenue in Chicago was recently sold for $1,645,000. The transaction involved Alejandro Bravo of Fulton Grace Realty acting as the buyer's representative, and Jason Rowland & Joso Goreta of Compass representing the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,645,000
  • Address: 3415 North Bosworth Avenue, Chicago
  • Market: Chicago
  • Buyer's Representative: Alejandro Bravo - Fulton Grace Realty
  • Seller's Representatives: Jason Rowland & Joso Goreta - Compass

The sale of this multifamily property showcases the involvement of key individuals and companies in the transaction. Alejandro Bravo, representing Fulton Grace Realty, assisted the buyer throughout the process. On the other side, Jason Rowland and Joso Goreta, both from Compass, represented the seller. The successful completion of this transaction demonstrates the expertise and professionalism of all parties involved.

Players

Jason Rowland
6 deals$10.1M volume(312) 927-1942
BROKER

Alejandro Bravo
Compass
3 deals$4.7M volume
BROKER

Joso Goreta
Compass
4 deals$7.3M volume(773) 454-1170
BROKER

Fulton Grace Realty
BROKERAGE

Details

SOLD
IMAGE: Alejandro Bravo, Jason Rowland & Joso Goreta DATE: 12/21/2023 ADDRESS: 3415 North Bosworth Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Alejandro Bravo - Fulton Grace Realty (@FultonGraceRealty) SELLER'S REP: Jason Rowland (@TopagentJR) & Joso Goreta - Compass (@Compass) SALE PRICE: $1,645,000 NOTE: The multifamily property at 3415 North Bosworth Avenue was sold for $1,645,000. The transaction involved Alejandro Bravo of Fulton Grace Realty as the buyer's representative and Jason Rowland & Joso Goreta of Compass as the seller's representatives.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$87,733.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,844.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,798.14
Annual Debt Service$93,577.67