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Chicago Multifamily Property Sold For $1.01M With Buyer's Rep Michael Scanlon & Seller's Rep Wilfredo Aguilar Jr
SOLD
$1,010,000
Illinois
See Similar DealsMultiFamily
Sold 02/06/2024
SOLD
Chicago Multifamily Property Sold For $1.01M With Buyer's Rep Michael Scanlon & Seller's Rep Wilfredo Aguilar Jr
643 East 50th Street
See Similar DealsMultiFamily
Sold 02/06/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
643 East 50th Street in Chicago was sold for $1,010,000. The multifamily property was transacted on 02/06/2024 and was represented by Michael Scanlon of EXP Realty as the buyer's representative, and Wilfredo Aguilar Jr of Compass as the seller's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Address: 643 East 50th Street, Chicago
- Market: Chicago
- Buyer's Rep: Michael Scanlon - EXP Realty
- Seller's Rep: Wilfredo Aguilar Jr - Compass
The buyer's representative, Michael Scanlon from EXP Realty, and the seller's representative, Wilfredo Aguilar Jr from Compass, facilitated the sale of the property. The transaction took place on 02/06/2024 and the property is located at 643 East 50th Street in Chicago.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,588.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,787.92
Annual Debt Service$57,454.98
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