Andy Gersten Roperties Acquires Multifamily Property On Claremont Ave In Chicago For $1.05M
SOLD
$1,050,000
Illinois
See Similar DealsMultiFamily4,500 SF
Sold 01/31/2022
SOLD
Andy Gersten Roperties Acquires Multifamily Property On Claremont Ave In Chicago For $1.05M
3501 North Claremont Avenue, Chicago, Illinois 60618, United States
See Similar DealsMultiFamily4,500 SF
Sold 01/31/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:4,500 SF
Transaction Type:Sale
A multifamily property located at 3501 N Claremont Ave in Chicago has been sold for $1,050,000. The property spans a total of 4,500 square feet, resulting in a price per square foot of $233. The lot size is 3,567 square feet, with a price per lot square foot of $294.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 3501 N Claremont Ave, Chicago
- Market: Chicago
- Buyer's Rep: Andy Gersten roperties
- Seller's Rep: Laura Topp - Berkshire Hathaway HomeServices Chicago
Andy Gersten roperties represented the buyer in this transaction, and Laura Topp of Berkshire Hathaway HomeServices Chicago represented the seller.
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Deal Type
30 years
10 years
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
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