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Dream Town Realty Acquires Multifamily Property In Chicago For $1.335M

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SOLD
$1,335,000

Illinois

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MultiFamily7,900 SF
Sold 10/13/2021
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Property Image
SOLD

Dream Town Realty Acquires Multifamily Property In Chicago For $1.335M

5301-5 West Barry Avenue, Chicago, IL 60641, USA

See Similar Deals
MultiFamily7,900 SF
Sold 10/13/2021
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$169
Total Square Footage:7,900 SF
Transaction Type:Sale

The multifamily property located at 5301-5 W Barry Ave in Chicago has been sold for a total price of $1,335,000. The sale was facilitated by Jacek Piktel from Dream Town Realty. The property consists of 12 units, with each unit having an average price per unit of $111,250. The lot size of the property is 7,900 square feet, resulting in a price per square foot of $169.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,335,000
  • Units: 12
  • Price per Unit: $111,250
  • Lot Size: 7,900 square feet
  • Price per Square Foot: $169

Jacek Piktel from Dream Town Realty represented the parties involved in this transaction. The sale of the property showcases the successful collaboration and expertise of the individuals and companies involved.

Players

3 deals$3.9M volume
BROKER

Details

SOLD
IMAGE: Jacek Piktel DATE: 10/13/2021 ADDRESS: 5301-5 W Barry Ave MARKET: Chicago ASSET TYPE: Multifamily BROKER: Jacek Piktel - Dream Town Realty SALE PRICE: $1,335,000 UNITS: 12 ~ PPU: $111,250 LOT SF: 7,900 ~ PPLSF: $169

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$71,200.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,742.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,328.58
Annual Debt Service$75,942.97