Interra Realty Brokers $1M Sale Of 18-Unit Multifamily Property In Auburn Gresham, Chicago
SOLD
$1,000,000
Illinois
See Similar DealsMultiFamily15,000 SF
Sold 02/22/2022
SOLD
Interra Realty Brokers $1M Sale Of 18-Unit Multifamily Property In Auburn Gresham, Chicago
8056 South Paulina Street, Chicago, Illinois 60620, United States
See Similar DealsMultiFamily15,000 SF
Sold 02/22/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$66
Total Square Footage:15,000 SF
Transaction Type:Sale
Located in Auburn Gresham, Chicago, the multifamily property at 8056 S Paulina St has recently been sold. The transaction took place on February 22, 2022, with a sale price of $1,000,000. This property consists of 18 units, providing ample housing options for its residents.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Market: Auburn Gresham, Chicago
- Address: 8056 S Paulina St
- Brokers: Lucas Fryman & Max Grossman - Interra Realty
- Date: 02/22/2022
Lucas Fryman and Max Grossman from Interra Realty played a crucial role as brokers in facilitating this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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