Dream Town Realty Sells Multifamily Property In Chicago For $1.18M
$1,183,000
SOLD
$1,183,000
Illinois
See Similar DealsMultiFamily4,264 SF
Sold 03/30/2021
$1,183,000
SOLD
Dream Town Realty Sells Multifamily Property In Chicago For $1.18M
3722 North Bosworth Avenue, Chicago, IL, USA
See Similar DealsMultiFamily4,264 SF
Sold 03/30/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:4,264 SF
Transaction Type:Sale
This multifamily property located at 3722 N Bosworth Ave in Chicago encompasses 4,264 square feet and consists of 4 units, offering a price per unit of $295,750. The overall transaction amount reached $1,183,000, which translates to a price per square foot of $277.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,183,000
- Square Footage: 4,264 SF
- Price Per Square Foot: $277
- Units: 4
- Price Per Unit: $295,750
- Date of Sale: 03/30/2021
- Market: Chicago
The transaction was facilitated by brokers Eva Nieves and Danny Lewis, representing Dream Town Realty. Their involvement played a crucial role in the completion of this deal, aiding in the successful transaction between the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,093.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,202.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,608.02
Annual Debt Service$67,296.28
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