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India Whiteside & Maureen Murnane Properties Of Christie's International Real Estate Sells Chicago Multifamily For $1.15M
SOLD
$1,150,000
Illinois
See Similar DealsMultiFamily
Sold 10/12/2024
SOLD
India Whiteside & Maureen Murnane Properties Of Christie's International Real Estate Sells Chicago Multifamily For $1.15M
5210 North Lakewood Avenue
See Similar DealsMultiFamily
Sold 10/12/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A 2-flat located at 5210 North Lakewood Avenue in Chicago's Lakewood Balmoral Historic District has been sold. The transaction was completed for $1.15 million, with each unit containing 2 bedrooms, 1 bath, and updated kitchens and baths. Additionally, the units include a sunroom and have potential for extra living space in the high-ceiling unfinished basement.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 2
- Price Per Unit: $575,000
The buyer was represented by Michael Wax, while the sellers were represented by India Whiteside and Maureen Murnane of Christie's International Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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