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Omorodion Eguasa Acquires Multifamily Property In Chicago For $1.055M As Buyer's Rep
SOLD
$1,055,000
Illinois
See Similar DealsMultiFamily
Sold 03/22/2024
SOLD
Omorodion Eguasa Acquires Multifamily Property In Chicago For $1.055M As Buyer's Rep
4224 South Langley Avenue
See Similar DealsMultiFamily
Sold 03/22/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
4224 South Langley Avenue in Chicago, a multifamily property, sold for $1,055,000. Omorodion Eguasa from Dream Town Real Estate represented the buyer, while Karen Biazar & Staci Slattery from North Clybourn Group represented the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,055,000
- Address: 4224 South Langley Avenue
- Market: Chicago
Omorodion Eguasa of Dream Town Real Estate acted as the buyer's representative, whereas Karen Biazar and Staci Slattery of North Clybourn Group served as the seller's representatives in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,748.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,001.24
Annual Debt Service$60,014.86
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