North Clybourn Group Represents Sale Of Multifamily Property On N Milwaukee Ave, Chicago For $6.025M
SOLD
$6,025,000
Illinois
See Similar DealsMultiFamily5,856 SF
Sold 12/15/2021
SOLD
North Clybourn Group Represents Sale Of Multifamily Property On N Milwaukee Ave, Chicago For $6.025M
880 North Milwaukee Avenue, Chicago, IL 60642
See Similar DealsMultiFamily5,856 SF
Sold 12/15/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$1,028
Total Square Footage:5,856 SF
Transaction Type:Sale
The multifamily property located at 880 N Milwaukee Ave in Chicago has been sold in a closed transaction. The sale was facilitated by Karen Biazar of North Clybourn Group. The property encompasses a total lot size of 5,856 square feet.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $6,025,000
- Lot Size: 5,856 square feet
- Price Per Square Foot: $1,029
- Date: 12/15/2021
- Address: 880 N Milwaukee Ave, Chicago
- Market: Chicago
This transaction highlights the successful collaboration between the buyer, seller, and the broker representative Karen Biazar from North Clybourn Group. The sale price of $6,025,000 reflects the value placed on this multifamily property within the Chicago market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$321,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,405.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,561.57
Annual Debt Service$342,738.89
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