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Dream Town Realty Acquires Multifamily Property In Chicago For $1.4M

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SOLD
$1,378,000

Illinois

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MultiFamily10,000 SF
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SOLD

Dream Town Realty Acquires Multifamily Property In Chicago For $1.4M

5535 West Edmunds Street, Chicago, IL 60630

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MultiFamily10,000 SF
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$137
Total Square Footage:10000 SF
Transaction Type:Sale

The multifamily property located at 5535 W Edmunds St in Chicago was recently sold on March 26, 2021. The transaction was facilitated by buyer's representative Jacek Piktel from Dream Town Realty and seller's representative Christopher Demas from Leading Edge Realty Advisors. The property spans approximately 10,000 square feet and consists of 9 units.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,378,000
  • Price per Square Foot: $138
  • Units: 9
  • Price per Unit: $153,111

This transaction took place in the Chicago market. The property was sold for a total of $1,378,000, with a price per square foot of $138. The buyer, represented by Jacek Piktel from Dream Town Realty, and the seller, represented by Christopher Demas from Leading Edge Realty Advisors, successfully concluded the deal. This sale presents a significant investment opportunity in the multifamily sector in Chicago.

Players

3 deals$3.9M volume
BROKER

Details

SOLD
IMAGE: Christopher Demas & Jacek Piktel DATE: 03/26/2021 ADDRESS: 5535 W Edmunds St MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Jacek Piktel - Dream Town Realty SELLER'S REP: Christopher Demas - Leading Edge Realty Advisors PRICE: $1,378,000 SF: 10,000 ~ PPSF: $138 UNITS: 9 ~ PPU: $153,111

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,895.75
Cash-on-Cash Return-1.27%
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