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Dream Town Realty Acquires Multifamily Property In Chicago For $1.05M

Property Image
SOLD
$1,050,000
Mitir A. Patel
Henry Torn

Illinois

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MultiFamily4,840 SF
Sold 11/19/2021
the dealplayerscompscontact
Property Image
SOLD

Dream Town Realty Acquires Multifamily Property In Chicago For $1.05M

3415 North Seminary Avenue, Chicago, IL 60657, USA

See Similar Deals
MultiFamily4,840 SF
Sold 11/19/2021
Mitir A. Patel
Henry Torn
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$216
Total Square Footage:4,840 SF
Transaction Type:Sale

A multifamily property located at 3415 N Seminary Ave in Chicago has been sold for $1,050,000. The property consists of 5 units, resulting in a price per unit of $210,000. The total square footage of the property is 4,840, with a price per square foot of $217. The lot size is 5,663 square feet, equating to a price per lot square foot of $185.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 5
  • Price per Unit: $210,000
  • Square Footage: 4,840
  • Price per Square Foot: $217
  • Lot Size: 5,663 square feet
  • Price per Lot Square Foot: $185

Mitir A. Patel from Dream Town Realty represented the buyer in this transaction, while Henry Torn from Listwithfreedom.Com represented the seller.

Players

Mitir A. Patel
Dream Town Realty
Mitir A. Patel
5 deals$5.6M volume
BROKER
Henry Torn
Henry Torn
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Mitir A. Patel & Henry Torn DATE: 11/19/2021 ADDRESS: 3415 N Seminary Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Mitir A. Patel - Dream Town Realty SELLER'S REP: Henry Torn - Listwithfreedom.Com SALE PRICE: $1,050,000 UNITS: 5 ~ PPU: $210,000 SF: 4,840 ~ PPSF: $217 LOT SF: 5,663 ~ PPLSF: $185

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

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43