Beth Babcock Properties Acquires Multifamily Property In Chicago For $1.1M
SOLD
$1,100,000
Illinois
See Similar DealsMultiFamily5,545 SF
Sold 11/22/2021
SOLD
Beth Babcock Properties Acquires Multifamily Property In Chicago For $1.1M
5230 North Wayne Avenue, Chicago, IL 60640, USA
See Similar DealsMultiFamily5,545 SF
Sold 11/22/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$198
Total Square Footage:5,545 SF
Transaction Type:Sale
Located at 5230 N Wayne Ave in Chicago, this multifamily property was recently sold on November 22, 2021. The transaction was facilitated by Karl Vogel & Beth Babcock, who represented the seller and buyer respectively.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,100,000
- Square Footage: 5,545 SF
- Price per Square Foot: $198
- Lot Size: 3,875 SF
- Price per Lot Square Foot: $283
Beth Babcock Properties acted as the buyer's representative, while Karl Vogel Properties represented the seller. The property offers a total of 5,545 square feet and is situated on a 3,875 square foot lot. The sale price for this multifamily asset was set at $1,100,000, resulting in a price per square foot of $198 and a price per lot square foot of $283.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
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
Annual Debt Service$62,574.73
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