Interra Realty Brokers Complete $1.5M Sale Of 18-Unit Multifamily In Chicago
SOLD
Illinois
See Similar DealsMultiFamily670 SF
Sold 04/21/2021
SOLD
Interra Realty Brokers Complete $1.5M Sale Of 18-Unit Multifamily In Chicago
4520 South Vincennes Avenue, Chicago, IL, USA
See Similar DealsMultiFamily670 SF
Sold 04/21/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$2,238
Total Square Footage:670 SF
Transaction Type:Sale
The recently closed property transaction in Chicago involves a multifamily asset located at 4520 S. Vincennes Ave. The property consists of 18 units, with a per unit price of $83,333. The transaction took place on 04/21/2021, and the property was sold for a total price of $1,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 4520 S. Vincennes Ave.
- Market: Chicago
- Units: 18
- Price Per Unit: $83,333
The transaction was facilitated by the brokerage firm Interra Realty, with Lucas Fryman, David Goss, Jon Morgan, and Sam Gutierrez representing the parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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