Charles Rutenberg Realty Of IL Acquires Multifamily Property In Chicago For $1.68M
SOLD
$1,680,000
Illinois
See Similar DealsMultiFamily5,846 SF
Sold
SOLD
Charles Rutenberg Realty Of IL Acquires Multifamily Property In Chicago For $1.68M
634 West Barry Avenue, Chicago, IL 60657
See Similar DealsMultiFamily5,846 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$287
Total Square Footage:5846 SF
Transaction Type:Sale
Located in Chicago, the multifamily property at 634 W Barry Ave was recently sold for $1,680,000. The property consists of 4 units, making the price per unit $420,000. This transaction took place on July 27, 2021, and was facilitated by Steve Genyk from Dream Town Realty as the seller's representative.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,680,000
- Address: 634 W Barry Ave
- Market: Chicago
- Units: 4
- Price per Unit: $420,000
Anish Sheth from Charles Rutenberg Realty of IL acted as the buyer's representative in this transaction. Both the buyer and seller found professional assistance in the form of these representatives, ensuring a smooth and successful deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,968.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,964.06
Annual Debt Service$95,568.69
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