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Keller Williams Realty Infinity Represents Buyer In $1.45M Sale Of Chicago Multifamily Property

Property Image
SOLD
$1,450,000

Illinois

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MultiFamily2,925 SF
Sold 09/16/2021
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Property Image
SOLD

Keller Williams Realty Infinity Represents Buyer In $1.45M Sale Of Chicago Multifamily Property

826 W Newport Ave, Chicago, IL, USA

See Similar Deals
MultiFamily2,925 SF
Sold 09/16/2021
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$495
Total Square Footage:2,925 SF
Transaction Type:Sale

Located at 826 W Newport Ave in Chicago, this multifamily property was recently sold for $1,450,000. The transaction took place on September 16, 2021, and involved a total of 3 units, resulting in a per unit price of $483,333. The property sits on a lot measuring 2,925 square feet, equating to a price per square foot of $496.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,450,000
  • Units: 3
  • Price Per Unit: $483,333
  • Lot Size: 2,925 square feet
  • Price Per Square Foot: $496

The buyer's representative in this sale was Maria Karuhn from Keller Williams Realty Infinity. On the other hand, Davis Edgerly from 33 Realty represented the seller. Both parties played key roles in facilitating the transaction, ensuring a successful closing for the sale of this multifamily property.

Players

Maria Karuhn
1 deal$1.5M volume
BROKER

Davis Edgerly
33 Realty
3 deals$2.6M volume
BROKER

Details

SOLD
IMAGE: Davis Edgerly DATE: 09/16/2021 ADDRESS: 826 W Newport Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Maria Karuhn - Keller Williams Realty Infinity SELLER'S REP: Davis Edgerly - 33 Realty SALE PRICE: $1,450,000 UNITS: 3 ~ PPU: $483,333 LOT SF: 2,925 ~ PPLSF: $496

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88