Alley Ballard Acquires Multifamily Property On N Glenwood Ave In Chicago For $1.012M
SOLD
$1,012,000
Illinois
See Similar DealsMultiFamily3,000 SF
Sold 05/23/2022
SOLD
Alley Ballard Acquires Multifamily Property On N Glenwood Ave In Chicago For $1.012M
5245 North Glenwood Avenue, Chicago, Illinois 60640, United States
See Similar DealsMultiFamily3,000 SF
Sold 05/23/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$337
Total Square Footage:3,000 SF
Transaction Type:Sale
A multifamily property located at 5245 N Glenwood Ave in Chicago has been sold for a total price of $1,012,000. The property spans 3,000 square feet, resulting in a price per square foot of $337. The lot size is 4,375 square feet, with a price per lot square foot of $231.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,012,000
- Address: 5245 N Glenwood Ave, Chicago
- Square Footage: 3,000
- Price per Square Foot: $337
- Lot Size: 4,375 square feet
- Price per Lot Square Foot: $231
The buyer's representative for this transaction was Alley Ballard Properties, while the seller's representative was Maureen Murnane Properties. Both parties played a crucial role in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,973.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,595.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,797.40
Annual Debt Service$57,568.76
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