Farrah & Jon Lester Sell Single Family Home In Chicago For $3.5M With Buyer's Rep Jeffrey Proctor And Seller's Rep Timothy Salm & Bradley Brondyke
SOLD
$3,500,000
Illinois
See Similar DealsSingle Family Residence7,000 SF
Sold 09/01/2022
SOLD
Farrah & Jon Lester Sell Single Family Home In Chicago For $3.5M With Buyer's Rep Jeffrey Proctor And Seller's Rep Timothy Salm & Bradley Brondyke
1442 West Berteau Avenue, Chicago, Illinois 60613, United States
See Similar DealsSingle Family Residence7,000 SF
Sold 09/01/2022
Summary
ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$500
Total Square Footage:7,000 SF
Transaction Type:Sale
The single-family property located at 1442 W Berteau Ave in Chicago has been sold. The transaction took place on September 1, 2022. The property spans 7,000 square feet and is priced at $500 per square foot. The total sale price was $3,500,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,500,000
- Market: Chicago
- Seller: Farrah & Jon Lester
- Buyer's Representative: Jeffrey Proctor - @properties Christie's International Real Estate
- Seller's Representatives: Timothy Salm & Bradley Brondyke - Jameson Sotheby's Intl Realty
The buyer in this transaction was represented by Jeffrey Proctor from @properties Christie's International Real Estate. The seller was represented by Timothy Salm and Bradley Brondyke from Jameson Sotheby's Intl Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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