Berkshire Hathaway HomeServices Acquires SFR In Chicago For $2.63M
SOLD
Illinois
See Similar DealsSingle Family Residence5,800 SF
Sold 09/28/2020
SOLD
Berkshire Hathaway HomeServices Acquires SFR In Chicago For $2.63M
2653 North Geneva Terrace, Chicago, IL, USA
See Similar DealsSingle Family Residence5,800 SF
Sold 09/28/2020
Summary
ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$453
Total Square Footage:5,800 SF
Transaction Type:Sale
Located in Chicago, the property involved in this closed transaction is a Single-Family Home (SFR) situated at 2653 N. Geneva Terrace. The property spans approximately 5,800 square feet and was sold for a price of $2,630,000, resulting in a price per square foot of $453.
Summary of transaction details:
- Property Type: Single-Family Home (SFR)
- Transaction Amount: $2,630,000
- Address: 2653 N. Geneva Terrace, Chicago
- Market: Chicago
The buyer was represented by Alexander Caras from Magellan Realty LLC, while the seller was represented by Sophia Klopas and Jason Stratton from Berkshire Hathaway HomeServices Chicago.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$140,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,343.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,467.54
Annual Debt Service$149,610.50
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