Coldwell Banker Realty Acquires Multifamily Property In Chicago For $1.3M
SOLD
Illinois
See Similar DealsMultiFamily4,650 SF
Sold 01/15/2021
SOLD
Coldwell Banker Realty Acquires Multifamily Property In Chicago For $1.3M
3508 North Bosworth Avenue, Chicago, IL, USA
See Similar DealsMultiFamily4,650 SF
Sold 01/15/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$279
Total Square Footage:4,650 SF
Transaction Type:Sale
A multifamily property located at 3508 N. Bosworth Street in Chicago has been sold for $1,300,000. The property spans 4,650 square feet with a price per square foot of $280. It features three units, with a price per unit of $433,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 3508 N. Bosworth Street, Chicago
- Market: Chicago
- Square Footage: 4,650
- Price per Square Foot: $280
- Units: 3
- Price per Unit: $433,333
The buyer in this transaction was represented by Marc Devereux of Coldwell Banker Realty, while the seller was represented by Brant Booker of Jameson Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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