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2156 North Stave Street, Ch...

Igor Michin Sells SFR In Logan Square, Chicago For $1.3M With Deanna Barakat - Berkshire Hathaway
SOLDSingle Family Residence

Igor Michin Sells SFR In Logan Square, Chicago For $1.3M With Deanna Barakat - Berkshire Hathaway

2156 North Stave Street, Chicago, Illinois 60647, United States

$1,299,000

$371/SF

Building Size

3,500 SF

Asset Type

Single Family Residence

Closing

Apr 6, 2022

AI

A single-family home located at 2156 N Stave St in Logan Square, Chicago has been sold. The property, with a total area of 3,500 square feet, was listed for sale under the ownership of Igor Michin. The transaction was facilitated by Deanna Barakat from Berkshire Hathaway HomeServices Chicago. The asking price for the property was $1,350,000, but it was ultimately sold for $1,299,000, resulting in a $51,000 discount from the original asking price. The price per square foot for the property was $71.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $1,299,000
  • Address: 2156 N Stave St, Logan Square, Chicago
  • Market: Logan Square, Chicago
  • Seller: Igor Michin
  • Broker: Deanna Barakat - Berkshire Hathaway HomeServices Chicago

It is worth highlighting that this transaction took place in a seller's market, and the final sale price represents a $51,000 reduction from the initial asking price.

Players

Deanna Barakat

@Properties Christie's International Real Estate

Broker

$8.4M

vol

5 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage

Chicago Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.21%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93