Compass Represents Buyer In $5.25M Sale Of Lincoln Park SFR
SOLD
$5,250,000
Illinois
See Similar DealsSingle Family Residence7,400 SF
Sold 07/01/2022
SOLD
Compass Represents Buyer In $5.25M Sale Of Lincoln Park SFR
2015 North Cleveland Avenue, Chicago, Illinois 60614, United States
See Similar DealsSingle Family Residence7,400 SF
Sold 07/01/2022
Summary
ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$709
Total Square Footage:7,400 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 2015 N Cleveland Ave in Lincoln Park. It has a total area of 7,400 square feet and was sold for a price of $5,250,000, resulting in a price per square foot of $709.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $5,250,000
- Address: 2015 N Cleveland Ave
- Market: Lincoln Park
John O'Neill from Compass represented the buyer in this transaction, while Julie Nerenberg Block and Vincent Anzalone from Dream Town Realty represented the seller. They played crucial roles in facilitating the deal and ensuring a successful transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
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