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Heidie Maslo & Thomas Shallcross Broker $1.1M Sale Of Multifamily Asset In Chicago

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SOLD
$1,116,000

Illinois

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MultiFamily
Sold 04/23/2024
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SOLD

Heidie Maslo & Thomas Shallcross Broker $1.1M Sale Of Multifamily Asset In Chicago

3729 North Bosworth Avenue

See Similar Deals
MultiFamily
Sold 04/23/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

3729 North Bosworth Avenue in Chicago, a multifamily asset, was sold for $1,116,000, with meticulously maintained units blending modern updates with historic charm, featuring three distinct units each with unique appeal, separate laundry, enclosed rear porches, and supplementary income from a two-car garage, presenting an exceptional investment opportunity in a prime location with exceptional rental potential.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,116,000
  • Address: 3729 North Bosworth Avenue
  • Market: Chicago

Thomas Shallcross of GC Realty and Development represented the buyer, while Heidie Maslo of @properties Christie's International Real Estate represented the seller in the transaction of 3729 North Bosworth Avenue. This classic brick 3-flat in the vibrant Southport Corridor/Wrigleyville area offers not only a blend of modern updates and historic charm but also presents an exceptional investment opportunity with supplementary income from a two-car garage.

Players

Thomas Shallcross
2 deals$2.6M volume
BROKER

Heidie Maslo
At Properties Commercial
1 deal$1.1M volume(312) 617-2230
BROKER

Details

SOLD
IMAGE: Heidie Maslo DATE: 04/23/2024 ADDRESS: 3729 North Bosworth Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Thomas Shallcross - GC Realty and Development (@GCRealtyandDev) SELLER'S REP: Heidie Maslo (@HeidieMaslo) - @properties (@AtProperties) Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $1,116,000 NOTE: 3729 North Bosworth Avenue in Chicago, a multifamily asset, was sold for $1,116,000, with Thomas Shallcross of GC Realty and Development representing the buyer and Heidie Maslo of @properties Christie's International Real Estate representing the seller. This classic brick 3-flat in the vibrant Southport Corridor/Wrigleyville area offers meticulously maintained units blending modern updates with historic charm, featuring three distinct units each with unique appeal, separate laundry, enclosed rear porches, and supplementary income from a two-car garage, presenting an exceptional investment opportunity in a prime location with exceptional rental potential.

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

$59,520.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,964.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,290.41
Annual Debt Service$63,484.91