Carrie McCormick Properties Acquires SFR In Chicago For $2.7M
SOLD
$2,737,500
Illinois
See Similar DealsSingle Family Residence5,900 SF
Sold 10/15/2020
SOLD
Carrie McCormick Properties Acquires SFR In Chicago For $2.7M
1720 North Mohawk Street, Chicago, IL, USA
See Similar DealsSingle Family Residence5,900 SF
Sold 10/15/2020
Summary
ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$464
Total Square Footage:5,900 SF
Transaction Type:Sale
A single-family residential property located at 1720 N. Mohawk Street in Chicago recently closed in a sale transaction. The property, spanning across 5,900 square feet, was sold for a price of $2,737,500. With a price per square foot of $464, this transaction represents an asset with a considerable value in the Chicago real estate market.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,737,500
- Address: 1720 N. Mohawk Street
- Market: Chicago
- Square Footage: 5,900
- Price per Square Foot: $464
Carrie McCormick represented the buyer in the transaction, while Millie Rosenbloom, from Baird & Warner, acted as the seller's representative. Both professionals played pivotal roles in ensuring the successful completion of this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$145,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,725.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,977.15
Annual Debt Service$155,725.76
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