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Historic Three-Unit Building Sold In Chicago For $1.125M With Ron Ehlers As Buyer's Rep
SOLD
$1,125,000
Illinois
See Similar DealsMultiFamily
Sold 08/05/2024
SOLD
Historic Three-Unit Building Sold In Chicago For $1.125M With Ron Ehlers As Buyer's Rep
4907 North Talman Avenue
See Similar DealsMultiFamily
Sold 08/05/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A historic three-unit building located at 4907 North Talman Avenue in Chicago's Lincoln Square sold for $1,125,000. The asset features 1,900 square feet with high ceilings, hardwood floors, and updated kitchens. This multifamily property includes a landscaped backyard and a new three-car garage, with a proforma income of $97,200 annually and additional rental potential.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Units: 3
- Price Per Unit: $375,000
- Buyer's Representative: Ron Ehlers - Compass
- Seller's Representatives: Ted Mortellaro & Todd Szwajkowski - Dream Town Real Estate
This transaction involved key representatives from the real estate industry, with Ron Ehlers serving as the buyer's representative from Compass, while the seller was represented by Ted Mortellaro and Todd Szwajkowski from Dream Town Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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