Jeffrey Lowe & Jennifer Ames Sell $3.8M SFR In Chicago
SOLD
$3,825,000
Illinois
See Similar DealsSingle Family Residence6,800 SF
Sold 11/02/2020
SOLD
Jeffrey Lowe & Jennifer Ames Sell $3.8M SFR In Chicago
1815 North Cleveland Avenue, Chicago, IL, USA
See Similar DealsSingle Family Residence6,800 SF
Sold 11/02/2020
Summary
ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$562
Total Square Footage:6,800 SF
Transaction Type:Sale
The recently closed property transaction in Chicago involved the sale of a single-family residence located at 1815 N. Cleveland Avenue. The property, spanning approximately 6,800 square feet, was sold for a price of $3,825,000, resulting in a price per square foot of $563. The sale took place on November 2, 2020, making it a recent transaction in the Chicago real estate market.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $3,825,000
- Address: 1815 N. Cleveland Avenue
- Market: Chicago
Representing the buyer in this deal was Jennifer Ames from Engel & Voelkers Chicago, while Jeffrey Lowe from Compass acted as the seller's representative. They played crucial roles in facilitating the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$204,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,589.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,132.45
Annual Debt Service$217,589.42
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