Daniel Spitz Of EXP Realty Acquires 3-Unit MultiFamily In Chicago For $1.725M
SOLD
$1,725,000
Illinois
See Similar DealsMultiFamily4,600 SF
Sold
SOLD
Daniel Spitz Of EXP Realty Acquires 3-Unit MultiFamily In Chicago For $1.725M
508 W Wisconsin St Chicago, IL 60614, USA
See Similar DealsMultiFamily4,600 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$375
Total Square Footage:4,600 SF
Transaction Type:Sale
A multi-family property located at 508 West Wisconsin Street in Chicago has been sold for a price of $1,725,000. The property consists of 3 units, with a price per unit of $575,000. It spans a total area of 4,600 square feet, resulting in a price per square foot of $375.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,725,000
- Address: 508 West Wisconsin Street
- Market: Chicago
- Units: 3
- Price per Unit: $575,000
- Total Square Footage: 4,600
- Price per Square Foot: $375
The buyer's representative in this transaction was Daniel Spitz from EXP Realty. The deal was brokered by Daniel Spitz, who played a key role in facilitating the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56
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