Dream Town Realty Sells Multifamily Property In Chicago For $1.25M
SOLD
$1,250,000
Illinois
See Similar DealsMultiFamily7,050 SF
Sold 09/28/2021
SOLD
Dream Town Realty Sells Multifamily Property In Chicago For $1.25M
4842 North Hoyne Avenue, Chicago, IL, USA
See Similar DealsMultiFamily7,050 SF
Sold 09/28/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$177
Total Square Footage:7,050 SF
Transaction Type:Sale
The multifamily property located at 4842 N Hoyne Ave in Chicago has been sold for a price of $1,250,000. The property consists of 6 units, resulting in a price per unit of $208,333. The lot size is 7,050 square feet, equating to a price per square foot of $177.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 6
- Price per Unit: $208,333
- Lot Size: 7,050 square feet
- Price per Square Foot: $177
The sale of this property was facilitated by Phil Mistrata of Dream Town Realty. He represented the parties involved in the transaction and ensured a successful deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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