Updated Dec 20, 2023
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
About this deal
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.
On the Map
$1,299,000
$371/SF
Single Family Residence
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Chicago Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $371 per square foot on a published $1.3M for 3,500 square feet (2022).
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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