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Multifamily Property In Chicago Sold For $1.22M With Buyer's Rep Jerry Brown & Seller's Rep CaseyAnn Reid And Joanna Olszynska

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SOLD
$1,220,000

Illinois

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MultiFamily
Sold 10/30/2023
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Property Image
SOLD

Multifamily Property In Chicago Sold For $1.22M With Buyer's Rep Jerry Brown & Seller's Rep CaseyAnn Reid And Joanna Olszynska

3655 South Indiana Avenue

See Similar Deals
MultiFamily
Sold 10/30/2023
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 3655 South Indiana Avenue in Chicago has been sold for $1,220,000. The transaction was facilitated by buyer's representative Jerry Brown from Keller Williams ONEChicago and seller's representatives CaseyAnn Reid and Joanna Olszynska from Compass. The property consists of three units, with a per-unit price of $406,667.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,220,000
  • Address: 3655 South Indiana Avenue
  • Market: Chicago
  • Buyer's Representative: Jerry Brown - Keller Williams ONEChicago
  • Seller's Representatives: CaseyAnn Reid & Joanna Olszynska - Compass
  • Units: 3
  • Per Unit Price: $406,667

The sale of this multifamily property provides a great investment opportunity. With a transaction price of $1,220,000, the property offers three units, each with a per-unit price of $406,667. The buyer's representative, Jerry Brown from Keller Williams ONEChicago, and the seller's representatives, CaseyAnn Reid and Joanna Olszynska from Compass, played pivotal roles in facilitating this transaction.

Players

Joanna Olszynska
1 deal$1.2M volume(847) 312-8005
BROKER

CaseyAnn Reid
Compass
1 deal$1.2M volume(708) 789-9668
BROKER

Jerry Brown
Keller Williams Realty
2 deals$2.3M volume(630) 909-9976
BROKER

Details

SOLD
IMAGE: Joanna Olszynska, Jerry Brown & CaseyAnn Reid DATE: 10/30/2023 ADDRESS: 3655 South Indiana Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Jerry Brown - Keller Williams ONEChicago (@KWOneChicago) SELLER'S REP: CaseyAnn Reid (@CaseyAnntherealtor) & Joanna Olszynska (@OlszynskaJoanna) - Compass (@Compass) SALE PRICE: $1,220,000 UNITS: 3 ~ PPU: $406,667 NOTE: A multifamily property at 3655 South Indiana Avenue in Chicago has been sold for $1,220,000, with the transaction facilitated by buyer's representative Jerry Brown from Keller Williams ONEChicago and seller's representatives CaseyAnn Reid and Joanna Olszynska from Compass. The property comprises three units, with a per-unit price of $406,667.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,334.41
Cash-on-Cash Return-1.27%
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