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$4M Multifamily Property Sold On West Briar Place In Chicago With Broker Philip Skowron
SOLD
$4,000,000
Illinois
See Similar DealsMultiFamily
Sold 01/10/2024
SOLD
$4M Multifamily Property Sold On West Briar Place In Chicago With Broker Philip Skowron
441 West Briar Place
See Similar DealsMultiFamily
Sold 01/10/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
41 West Briar Place in Chicago, a multifamily property with 4 units, has been sold for $4,000,000. The transaction was facilitated by broker Philip Skowron of @properties Christie's International Real Estate. The per-unit price for the property is $1,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 4
- Price Per Unit: $1,000,000
- Broker: Philip Skowron - @properties Christie's International Real Estate
Philip Skowron of @properties Christie's International Real Estate represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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