Keller Williams ONEChicago Acquires Multifamily Property In Chicago For $1.035M
SOLD
$1,035,000
Illinois
See Similar DealsMultiFamily1,600 SF
Sold 05/14/2021
SOLD
Keller Williams ONEChicago Acquires Multifamily Property In Chicago For $1.035M
5921 N Winthrop Ave, Chicago, IL, USA
See Similar DealsMultiFamily1,600 SF
Sold 05/14/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$646
Total Square Footage:1,600 SF
Transaction Type:Sale
Located at 5921 N Winthrop Ave in Chicago, this multifamily property has recently been sold. The transaction took place on May 14, 2021, with a sale price of $1,035,000. The property consists of four units, with a price per unit of $258,750.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,035,000
- Units: 4
- Price per Unit: $258,750
The buyer was represented by Brian Moon from Keller Williams ONEChicago, while the seller was represented by Bessie Geanakoplos from Lighthouse Property Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,677.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,906.43
Annual Debt Service$58,877.14
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