Janet Keogh Of Baird & Warner Acquires Multifamily Property In Chicago For $1,695,000
SOLD
$1,695,000
Illinois
See Similar DealsMultiFamily1,742 SF
Sold 10/01/2021
SOLD
Janet Keogh Of Baird & Warner Acquires Multifamily Property In Chicago For $1,695,000
554 West Belden Avenue, Chicago, IL 60614, USA
See Similar DealsMultiFamily1,742 SF
Sold 10/01/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$973
Total Square Footage:1,742 SF
Transaction Type:Sale
The multifamily property located at 554 W Belden Ave in Chicago has been sold for a price of $1,695,000. The transaction took place on October 1, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,695,000
- Address: 554 W Belden Ave
- Market: Chicago
Janet Keogh from Baird & Warner represented the buyer in this deal, while Kevin Schnell from MO2 Brokerage LLC represented the seller.
Janet Keogh served as the buyer's representative, ensuring their interests were represented throughout the transaction. Kevin Schnell, on the other hand, acted as the seller's representative, working to secure the best deal for their client.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,021.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,035.16
Annual Debt Service$96,421.98
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