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Interra Realty Brokers Complete $1.5M Sale Of 18-Unit Multifamily In Chicago

Property Image
SOLD
$1,500,000
Jon Morgan
David Goss
+ 1

Illinois

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MultiFamily670 SF
Sold 04/21/2021
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Property Image
SOLD

Interra Realty Brokers Complete $1.5M Sale Of 18-Unit Multifamily In Chicago

4520 South Vincennes Avenue, Chicago, IL, USA

See Similar Deals
MultiFamily670 SF
Sold 04/21/2021
Jon Morgan
David Goss
+ 1
Contact now

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.

Players

Lucas Fryman
42 deals$278.6M volume
BROKER

David Goss
8 deals$133.4M volume
BROKER

Jon Morgan
Interra Realty
10 deals$146.8M volume
BROKER

Samuel (Sam) Gutierrez
Interra Realty
15 deals$73M volume
BROKER

Details

SOLD
IMAGE: Lucas Fryman, Sam Gutierrez, Jon Morgan & David Goss DATE: 04/21/2021 ADDRESS: 4520 S. Vincennes Ave. MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Lucas Fryman, David Goss, Jon Morgan & Sam Gutierrez - Interra Realty PRICE: $1,500,000 UNITS: 18 ~ PPU: $83,333

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Deal Type
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