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Coldwell Banker Realty Acquires Multifamily Property In Chicago For $1.3M

Property Image
SOLD
$1,300,000

Illinois

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MultiFamily4,650 SF
Sold 01/15/2021
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Property Image
SOLD

Coldwell Banker Realty Acquires Multifamily Property In Chicago For $1.3M

3508 North Bosworth Avenue, Chicago, IL, USA

See Similar Deals
MultiFamily4,650 SF
Sold 01/15/2021
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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.

Players

Marc Devereux
2 deals$2.4M volume
BROKER

Brant Booker
Sotheby's International Realty
3 deals$5.7M volume
BROKER

Details

SOLD
IMAGE: Marc Devereux & Brant Booker DATE: 01/15/2021 ADDRESS: 3508 N. Bosworth Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Marc Devereux - Coldwell Banker Realty SELLER'S REP: Brant Booker - Jameson Sotheby's International Realty PRICE: $1,300,000 SF: 4,650 ~ PPSF: $280 UNITS: 3 ~ PPU: $433,333

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Deal Type
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