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548 West Fullerton Parkway Multifamily Sold In Chicago For $1.75M

Property Image
SOLD
$1,751,000
Dee Thompson
+ 1

Illinois

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MultiFamily
Sold 04/05/2024
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Property Image
SOLD

548 West Fullerton Parkway Multifamily Sold In Chicago For $1.75M

548 West Fullerton Parkway

See Similar Deals
MultiFamily
Sold 04/05/2024
Dee Thompson
+ 1
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

548 West Fullerton Parkway in Chicago, a multifamily property, was sold for $1,751,000. The property consists of 3 units, featuring full-floor units on the first two floors and a garden studio apartment generating $15,900 annually, with potential for increased income through unit modifications and updates.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,751,000
  • Units: 3
  • Price per Unit: $583,667
  • Address: 548 West Fullerton Parkway
  • Market: Chicago

Dee Thompson and Dione Balingit of @properties Christie's International Real Estate represented the buyer, while Paul Waitz and Sophia Klopas of Berkshire Hathaway HomeServices Chicago represented the seller in the transaction.

Players

Sophia Klopas
5 deals$9.8M volume
BROKER


Dee Thompson
At Properties Commercial
2 deals$3.1M volume(773) 472-0200
BROKER

Dione Balingit
At Properties Commercial
1 deal$1.8M volume(847) 894-4851
BROKER

Details

SOLD
IMAGE: Dee Thompson, Paul Waitz, Dione Balingit & Sophia Klopas DATE: 04/05/2024 ADDRESS: 548 West Fullerton Parkway MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Dee Thompson & Dione Balingit (@MrsDionecraft) - @properties (@AtProperties) Christie's International Real Estate (@ChristiesRealEstate) SELLER'S REP: Paul Waitz & Sophia Klopas (@SophiaLeek) - Berkshire Hathaway HomeServices Chicago (@BHHS_Chicago) SALE PRICE: $1,751,000 UNITS: 3 ~ PPU: $583,667 NOTE: 548 West Fullerton Parkway in Chicago, a multifamily property, was sold for $1,751,000, with Dee Thompson and Dione Balingit of @properties Christie's International Real Estate representing the buyer and Paul Waitz and Sophia Klopas of Berkshire Hathaway HomeServices Chicago representing the seller. The property consists of 3 units, featuring full-floor units on the first two floors and a garden studio apartment generating $15,900 annually, with potential for increased income through unit modifications and updates.

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

$93,386.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,220.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,300.63
Annual Debt Service$99,607.60