Compass' Phil Byers Acquires 4-Unit Multifamily In Chicago For $1.7M
SOLD
Illinois
See Similar DealsMultiFamily3,750 SF
Sold 12/23/2021
SOLD
Compass' Phil Byers Acquires 4-Unit Multifamily In Chicago For $1.7M
658 West Aldine Avenue, Chicago, IL 60657
See Similar DealsMultiFamily3,750 SF
Sold 12/23/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$453
Total Square Footage:3,750 SF
Transaction Type:Sale
The multifamily property located at 658 W Aldine Ave in Chicago has been sold for a price of $1,700,000. This property consists of 4 units, which equates to a price per unit of $425,000. The lot size is 3,750 square feet, resulting in a price per square foot of $453.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 4
- Price per Unit: $425,000
- Lot Size: 3,750 square feet
- Price per Square Foot: $453
The buyer was represented by Phil Byers from Byers Home Team - Compass, while the seller was represented by John Simon from Srb Services LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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