Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $1.2M
SOLD
$1,200,000
Illinois
See Similar DealsMultiFamily3,485 SF
Sold 10/26/2021
SOLD
Berkshire Hathaway HomeServices Acquires Multifamily Property In Chicago For $1.2M
940 W Cuyler Ave, Chicago, IL, USA
See Similar DealsMultiFamily3,485 SF
Sold 10/26/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:3,485 SF
Transaction Type:Sale
A multifamily property located at 940 W Cuyler Ave in Chicago has been sold for $1,200,000. The property consists of two units, resulting in a price per unit of $600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Date: 10/26/2021
- Address: 940 W Cuyler Ave, Chicago
- Buyer's Representative: Richard Kasper - Compass
- Seller's Representative: Wade Marshall - Berkshire Hathaway HomeServices Chicago
Richard Kasper from Compass represented the buyer in this transaction, while Wade Marshall from Berkshire Hathaway HomeServices Chicago represented the seller.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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