Simmons Family Acquires Roscoe Village Multifamily From Reddy Arun For $1.1M
SOLD
$1,100,000
Illinois
See Similar DealsMultiFamily2,552 SF
Sold 04/19/2022
SOLD
Simmons Family Acquires Roscoe Village Multifamily From Reddy Arun For $1.1M
3515 North Marshfield Avenue, Chicago, Illinois 60657, United States
See Similar DealsMultiFamily2,552 SF
Sold 04/19/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$431
Total Square Footage:2,552 SF
Transaction Type:Sale
The multifamily property located at 3515 N Marshfield Ave in Roscoe Village has been sold. The sale was finalized on 04/19/2022 for a sale price of $1,100,000. The property consists of 2 units, with a per unit price of $550,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Price Per Unit: $550,000
The buyer of the property is the Simmons Family, while the seller is Reddy Arun. The transaction was facilitated by two brokers, namely Danny Lewis from The Lewis Real Estate Group - Dream Town Realty and Martha Lozano from RE/MAX.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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