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548 West Fullerton Parkway

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

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

Sophia Klopas

Berkshire Hathaway HomeServices

Broker

$9.8M

vol

5 deals

Broker

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