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4842 North Hoyne Avenue, Ch...

Dream Town Realty Sells Multifamily Property In Chicago For $1.25M
SOLDMultiFamily

Dream Town Realty Sells Multifamily Property In Chicago For $1.25M

4842 North Hoyne Avenue, Chicago, IL, USA

$1,250,000

$177/SF

Building Size

7,050 SF

Asset Type

MultiFamily

Closing

Sep 27, 2021

AI

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.

Players

Philip Mistrata

Dream Realty

Broker

$3.7M

vol

3 deals

Broker

Chicago 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93