Timothy Sheahan & Leslie Glazier Sell 4-Unit Multifamily Property For $1.15M In Chicago
SOLD
Illinois
See Similar DealsMultiFamily3,049 SF
Sold 10/01/2021
SOLD
Timothy Sheahan & Leslie Glazier Sell 4-Unit Multifamily Property For $1.15M In Chicago
873 North Paulina Street, Chicago, IL 60622
See Similar DealsMultiFamily3,049 SF
Sold 10/01/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$377
Total Square Footage:3,049 SF
Transaction Type:Sale
A multifamily property located at 873 N Paulina St in Chicago has been sold for $1,150,000. This property consists of 4 units, resulting in a price per unit of $287,500. The lot size is 3,049 square feet, with a price per square foot of $377.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Date: 10/01/2021
- Address: 873 N Paulina St, Chicago
- Market: Chicago
- Buyer's Representative: Leslie Glazier Properties
- Seller's Representative: Timothy Sheahan - Compass
- Units: 4
- Price per Unit: $287,500
- Lot Size: 3,049 square feet
- Price per Square Foot: $377
Leslie Glazier Properties represented the buyer in this transaction, while Timothy Sheahan from Compass represented the seller. The deal was closed on 10/01/2021.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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