Dream Town Realty Represents Buyer In $1.84M Chicago Multifamily Sale
SOLD
$1,840,000
Illinois
See Similar DealsMultiFamily6,263 SF
Sold 09/19/2022
SOLD
Dream Town Realty Represents Buyer In $1.84M Chicago Multifamily Sale
555 West Roscoe Street, Chicago, Illinois 60657, United States
See Similar DealsMultiFamily6,263 SF
Sold 09/19/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$293
Total Square Footage:6,263 SF
Transaction Type:Sale
The multifamily property located at 555 W Roscoe St in Chicago has been sold in a closed transaction. The property consists of 4 units with a total sale price of $1,840,000. Each unit was sold for an average price of $460,000. The lot size for the property is 6,263 square feet, resulting in a price per square foot of $294.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,840,000
- Units: 4
- Price Per Unit: $460,000
- Lot Size: 6,263 square feet
- Price Per Square Foot: $294
The buyer's representative in this transaction was Riz Gilani from Dream Town Realty, while the seller's representative was Lee Cherney from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,537.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,722.54
Annual Debt Service$104,670.46
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