Marek Milewski & Jan Kupiec Facilitate $1.2M Sale Of Multifamily Property In Skokie
4800 Greenwood Street
$1,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 6, 2024
AI
The multi-family property located at 4800 Greenwood Street in Skokie was sold for $1,200,000. The brick building consists of six units, including four 2-bedroom units and two 1-bedroom units. All units are currently leased until March 2025, making it an attractive investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 6
- Price Per Unit: $200,000
- Address: 4800 Greenwood Street
- Market: Skokie
Marek Milewski from XR Realtyrepresented the buyer in this transaction, while Jan Kupiec from Baird & Warner represented the seller. The well-maintained property with updated units was a notable acquisition, given its current leased status until 2025, presenting a lucrative opportunity for investors.
Players
Skokie MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93