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Compass Sells 6,126 SF Multifamily Property In Chicago For $2.85M
SOLD
$2,850,000
Illinois
See Similar DealsMultiFamily6,126 SF
Sold 01/09/2024
SOLD
Compass Sells 6,126 SF Multifamily Property In Chicago For $2.85M
3719 North Seminary Avenue
See Similar DealsMultiFamily6,126 SF
Sold 01/09/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$465
Total Square Footage:6,126 SF
Transaction Type:Sale
In Chicago, the multifamily property at 3719 North Seminary Avenue was sold for $2,850,000. The property spans 6,126 square feet, resulting in a price per square foot of $465.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Square Footage: 6,126
- Price per Square Foot: $465
- Seller's Representatives: Jason Rowland & Joso Goreta - Compass
- Broker: Michael Endre - Roemer Park Realty Group Inc
Jason Rowland and Joso Goreta of Compass served as the seller's representatives for the transaction, while Michael Endre of Roemer Park Realty Group Inc acted as the broker.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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