548 West Fullerton Parkway Multifamily Sold In Chicago For $1.75M
548 West Fullerton Parkway
$1,751,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 5, 2024
AI
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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93