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Pike Street Properties Sells Multifamily Asset At 4101 North Monticello Avenue For $1.47M

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SOLD
$1,470,000

Illinois

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MultiFamily7,947 SF
Sold 09/27/2024
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Property Image
SOLD

Pike Street Properties Sells Multifamily Asset At 4101 North Monticello Avenue For $1.47M

4101 North Monticello Avenue

See Similar Deals
MultiFamily7,947 SF
Sold 09/27/2024
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$185
Total Square Footage:7,947 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 4101 North Monticello Avenue in Chicago. It was sold for $1,470,000. The property consists of 7 units with a total square footage of 7,947, resulting in a price per unit of $210,000 and a price per square foot of $184.

Summary of transaction details:

The key individuals involved in this transaction include Brian Keegan, Jordan Gottlieb, and Jim Darrow, who represented the seller, Pike Street Properties, through Essex Realty Group. Their roles facilitated the successful closing of this multifamily property deal.

Players

James (Jim) Darrow
61 deals$283.1M volume(312) 998-2112
BROKER

Jordan Gottlieb
Essex Realty Group
67 deals$364.3M volume
BROKER

Brian Keegan
Essex Realty Group
25 deals$86.9M volume(708) 466-2626
BROKER

Details

SOLD
IMAGE: Jordan Gottlieb, Jim Darrow & Brian Keegan DATE: 09/27/2024 ADDRESS: 4101 North Monticello Avenue MARKET: Chicago ASSET TYPE: Multifamily SELLER: Pike Street Properties BROKERS: Brian Keegan, Jordan Gottlieb & Jim Darrow - Essex Realty Group SALE PRICE: $1,470,000 UNITS: 7 ~ PPU: $210,000 SF: 7,947 ~ PPSF: $184

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$78,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,222.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,968.55
Annual Debt Service$83,622.60