Dana Gerstenschlager Properties Acquires Multifamily Property In Chicago For $1.5M
SOLD
$1,537,000
Illinois
See Similar DealsMultiFamily8,100 SF
Sold 08/06/2021
SOLD
Dana Gerstenschlager Properties Acquires Multifamily Property In Chicago For $1.5M
900 N Western Ave, Chicago, IL, USA
See Similar DealsMultiFamily8,100 SF
Sold 08/06/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$189
Total Square Footage:8,100 SF
Transaction Type:Sale
A multifamily property located at 900 N Western Ave in Chicago has been sold for a price of $1,537,000. The property has a total square footage of 8,100, resulting in a price per square foot of $190. The lot size of the property is 2,700 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,537,000
- Square Footage: 8,100
- Price Per Square Foot: $190
- Lot Size: 2,700 square feet
The buyer's representative in this transaction was Dana Gerstenschlager from Properties Bucktown, while Mark Icuss from Compass represented the seller. Dana Gerstenschlager and Mark Icuss played key roles in facilitating the sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$81,973.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,460.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,286.16
Annual Debt Service$87,433.97
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