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Dream Town Realty Sells Multifamily Property In Chicago For $1.1M

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SOLD
$1,100,000

Illinois

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MultiFamily8,496 SF
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SOLD

Dream Town Realty Sells Multifamily Property In Chicago For $1.1M

4937-39 N St Louis Ave, Chicago, IL, USA

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MultiFamily8,496 SF
Sold
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$129
Total Square Footage:8496 SF
Transaction Type:Sale

A multifamily property located at 4937-39 N St Louis Ave in Chicago has been sold for $1,100,000. With a total area of 8,496 square feet, the property is comprised of 6 units, resulting in a price-per-square-foot of $129 and a price-per-unit of $183,333. The transaction took place on 04/27/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 4937-39 N St Louis Ave, Chicago
  • Market: Chicago
  • Total Square Footage: 8,496
  • Price Per Square Foot: $129
  • Number of Units: 6
  • Price Per Unit: $183,333

Tyson Schutz from The Apartment Source represented the buyer in this transaction, while Hilary & Barbara O'Connor from Dream Town Realty represented the sellers.

Players

Tyson Schutz
3 deals$3.6M volume
BROKER

Barbara O'Connor
Dream Town Realty
2 deals$3.3M volume
BROKER

Details

SOLD
IMAGE: Barbara O'Connor, Hilary O'Connor & Tyson Schutz DATE: 04/27/2021 ADDRESS: 4937-39 N St Louis Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Tyson Schutz - The Apartment Source SELLER'S REP: Hilary & Barbara O'Connor - Dream Town Realty PRICE: $1,100,000 SF: 8,496 ~ PPSF: $129 UNITS: 6 ~ PPU: $183,333

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
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