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4800 Greenwood Street

Marek Milewski & Jan Kupiec Facilitate $1.2M Sale Of Multifamily Property In Skokie
SOLDMultiFamily

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

Marek Milewski

XR Realty

Broker

$2.2M

vol

2 deals

Broker

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