Michael & Joseph Root Acquire Multifamily Property In Rogers Park, Chicago For $4.1M
SOLD
$4,100,000
Illinois
See Similar DealsMultiFamily2,000 SF
Sold 03/19/2020
SOLD
Michael & Joseph Root Acquire Multifamily Property In Rogers Park, Chicago For $4.1M
7752 North Eastlake Terrace, Rogers Park, Chicago, IL, USA
See Similar DealsMultiFamily2,000 SF
Sold 03/19/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$2,050
Total Square Footage:2,000 SF
Transaction Type:Sale
The multifamily property located at 7752 N Eastlake Terrace in Rogers Park, Chicago was recently sold on March 19, 2021. The transaction was handled by brokers Michael & Joseph Root. The property consists of 31 units, with a sale price of $4,100,000. This translates to an average price per unit of $132,258.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 31
- Price per Unit: $132,258
Michael & Joseph Root acted as the brokers in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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