Dream Town Realty Sells 2-Unit Multifamily Property In Chicago For $1.11M
SOLD
$1,110,000
Illinois
See Similar DealsMultiFamily2,540 SF
Sold 05/03/2021
SOLD
Dream Town Realty Sells 2-Unit Multifamily Property In Chicago For $1.11M
3423 N Oakley Ave, Chicago, IL, USA
See Similar DealsMultiFamily2,540 SF
Sold 05/03/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$437
Total Square Footage:2,540 SF
Transaction Type:Sale
The multifamily property located at 3423 N Oakley Ave in Chicago has been sold for a price of $1,110,000. The sale took place on 05/03/2021 and the property consists of 2 units. The price per unit was $555,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 3423 N Oakley Ave, Chicago
- Units: 2
- Price Per Unit: $555,000
The buyer's representative in this transaction was Sarita Scherpereel from Kale Realty, while the seller's representative was Craig Franzen from Dream Town Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,943.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,261.97
Annual Debt Service$63,143.60
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