Stephen (Steve) Scheuring - Compass Acquires Multifamily Property In Chicago For $1.06M
SOLD
$1,062,500
Illinois
See Similar DealsMultiFamily2,613 SF
Sold 04/02/2021
SOLD
Stephen (Steve) Scheuring - Compass Acquires Multifamily Property In Chicago For $1.06M
3629 North Wayne Avenue, Chicago, IL 60613, USA
See Similar DealsMultiFamily2,613 SF
Sold 04/02/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$406
Total Square Footage:2,613 SF
Transaction Type:Sale
Located at 3629 N Wayne Ave in Chicago, this multifamily property was recently sold in a closed transaction. The property features a total of 3 units, with each unit being sold at an average price of $354,167. The total sale price for the property amounted to $1,062,500. The transaction took place on April 2, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,062,500
- Units: 3
- Price per Unit: $354,167
- Address: 3629 N Wayne Ave, Chicago
The buyer of this property was represented by Stephen (Steve) Scheuring from Compass, while the seller was represented by Karen Skurie from Baird & Warner.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,774.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,036.79
Annual Debt Service$60,441.50
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