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Westward 360 Acquires Multifamily Property In Chicago For $1.39M

Property Image
SOLD
$1,390,000

Illinois

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MultiFamily
Sold
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Property Image
SOLD

Westward 360 Acquires Multifamily Property In Chicago For $1.39M

3511 North Reta Avenue, Chicago, Illinois 60657, United States

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 3511 N Reta Ave in Chicago has been sold in a recent transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,390,000
  • Units: 4
  • Price Per Unit: $347,500

The seller's representative in this transaction was Alan Cosby from Westward 360.

Players

Alan Cosby
Westward360
Alan Cosby
6 deals$8.7M volume
BROKER

Details

SOLD
IMAGE: Alan Cosby DATE: 06/02/2022 ADDRESS: 3511 N Reta Ave MARKET: Chicago ASSET TYPE: Multifamily SELLER'S REP: Alan Cosby - Westward 360 SALE PRICE: $1,390,000 UNITS: 4 ~ PPU: $347,500

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

$74,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,938.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,589.31
Annual Debt Service$79,071.71