Brick Revival Acquires Multifamily Property In Chicago For $4.4M
SOLD
$4,400,000
Illinois
See Similar DealsMultiFamily
Sold 01/27/2021
SOLD
Brick Revival Acquires Multifamily Property In Chicago For $4.4M
4007-15 North Lowell Avenue, Chicago, IL, USA
See Similar DealsMultiFamily
Sold 01/27/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 4007-15 N. Lowell in Chicago has been sold for a total price of $4,400,000. The property, consisting of 38 units, was purchased by Brick Revival, LLC. The sale took place on January 27, 2021. The price per unit for this transaction is $115,789.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 4007-15 N. Lowell, Chicago
- Market: Chicago
- Buyer: Brick Revival, LLC
- Seller: Domenico Pecoraro
- Buyer's Rep: Robert White & John Westbrook
- Seller's Rep: Matt Fritzshall
- Units: 38
- Price per Unit: $115,789
The buyer in this transaction, Brick Revival, LLC, was represented by Robert White & John Westbrook. The seller, Domenico Pecoraro, was represented by Matt Fritzshall.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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