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Asia Robinson Of Redfin Represents Buyer In $1,020,000 Purchase Of Chicago Multifamily Property

Property Image
SOLD
$1,020,000
Wilfredo Aguilar Jr
Asia Robinson

Illinois

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MultiFamily
Sold 07/22/2024
the dealplayerscompscontact
Property Image
SOLD

Asia Robinson Of Redfin Represents Buyer In $1,020,000 Purchase Of Chicago Multifamily Property

4608 South Indiana Avenue

See Similar Deals
MultiFamily
Sold 07/22/2024
Wilfredo Aguilar Jr
Asia Robinson
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a newly constructed multifamily asset located at 4608 South Indiana Avenue in Chicago. The sale price for this property was $1,020,000. This multifamily building is designed with high-quality finishes, spacious floor plans, and energy-efficient features, providing a desirable environment for its tenants.

Summary of transaction details:

Asia Robinson of Redfin represented the buyer in this transaction, while the seller was represented by Wilfredo Aguilar Jr. from Compass. This property's location is noted for being near transit, offering a calm tenant experience appealing to both owner-occupiers and investors seeking a turn-key asset.

Players

Wilfredo Aguilar Jr
Compass
Wilfredo Aguilar Jr
2 deals$2M volume(312) 719-1221
BROKER
Asia Robinson
Redfin
Asia Robinson
1 deal$1M volume(773) 974-1857
BROKER

Details

SOLD
IMAGE: Wilfredo Aguilar Jr. DATE: 07/22/2024 ADDRESS: 4608 South Indiana Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Asia Robinson - Redfin (@RedfinRealEstate) SELLER'S REP: Wilfredo Aguilar Jr. (@Wilfredo.Aguilar_real_estate) - Compass (@Compass) SALE PRICE: $1,020,000 NOTE: Asia Robinson of Redfin represented the buyer in the $1,020,000 purchase of 4608 South Indiana Avenue, a newly constructed multifamily property in Chicago. Featuring high-quality finishes, spacious floor plans, and energy-efficient design, this building offers a prime location near transit while ensuring a tranquil tenant experience, making it an attractive opportunity for both owner-occupiers and investors looking for a turn-key asset in the market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84