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Multifamily Property At 709 South Ada Street In Chicago Sold For $2.2M With Buyer's Rep Paul De Legge & Seller's Rep Joshua Krueger
SOLD
$2,200,000
Illinois
See Similar DealsMultiFamily
Sold 11/17/2023
SOLD
Multifamily Property At 709 South Ada Street In Chicago Sold For $2.2M With Buyer's Rep Paul De Legge & Seller's Rep Joshua Krueger
709 South Ada Street
See Similar DealsMultiFamily
Sold 11/17/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 709 South Ada Street in Chicago has been sold for a total price of $2,200,000. This property is characterized as a multifamily asset and was sold in a closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 709 South Ada Street, Chicago
- Market: Chicago
In this transaction, Paul De Legge from CL3 Property Management represented the buyer, and Joshua Krueger from Campbell Street Asset Management Inc represented the seller.
It is important to note that these details were obtained from the closed transaction and provide a comprehensive overview of this multifamily property sale.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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