Celeste Huenergard Acquires Multifamily Property On E Cedar St, Chicago For $1.6M
SOLD
$1,600,000
Illinois
See Similar DealsMultiFamily4,326 SF
Sold 12/10/2021
SOLD
Celeste Huenergard Acquires Multifamily Property On E Cedar St, Chicago For $1.6M
54 East Cedar Street, Chicago, IL 60611
See Similar DealsMultiFamily4,326 SF
Sold 12/10/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:4,326 SF
Transaction Type:Sale
The multifamily property located at 54 E Cedar St in Chicago has been sold for a price of $1,600,000. The transaction took place on December 10, 2021. The property spans a total of 4,326 square feet, resulting in a price per square foot of $370. The lot size is 2,180 square feet, making the price per lot square foot $734.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Square Footage: 4,326
- Price per Square Foot: $370
- Lot Size: 2,180
- Price per Lot Square Foot: $734
Celeste Huenergard from Coldwell Banker Realty represented the buyer in this transaction. The seller, on the other hand, was represented by Steven Novit from Jameson Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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