New Era Chicago Acquires Multifamily Property On S Laflin St, Chicago For $1.05M
SOLD
$1,050,000
Illinois
See Similar DealsMultiFamily4,362 SF
Sold 04/15/2021
SOLD
New Era Chicago Acquires Multifamily Property On S Laflin St, Chicago For $1.05M
905 South Laflin Street, Chicago, IL 60607, USA
See Similar DealsMultiFamily4,362 SF
Sold 04/15/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$240
Total Square Footage:4,362 SF
Transaction Type:Sale
Located at 901-905 S Laflin St in Chicago, this multifamily property was recently sold for $1,050,000. Spanning 4,362 square feet, the property was sold at an average price of $241 per square foot. The transaction took place on April 15, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Square Footage: 4,362
- Price per Square Foot: $241
- Address: 901-905 S Laflin St, Chicago
The buyer was represented by Adam Saffro from New Era Chicago, LLC, while the seller was represented by William Altier and Theodore Mazola from New West Realty LLC.
Congratulations to all parties involved in the successful sale of this multifamily property!
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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