Chicago Land Trust Acquires SFR In Chicago For $2.3M With Buyer's Rep Alex Wolking - Keller Williams ONEChicago
SOLD
$2,300,000
Illinois
See Similar DealsSingle Family Residence4,653 SF
Sold 08/30/2023
SOLD
Chicago Land Trust Acquires SFR In Chicago For $2.3M With Buyer's Rep Alex Wolking - Keller Williams ONEChicago
4860 N Paulina St Chicago, IL 60640, USA
See Similar DealsSingle Family Residence4,653 SF
Sold 08/30/2023
Summary
ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$494
Total Square Footage:4,653 SF
Transaction Type:Sale
A single-family home located at 4860 North Paulina Street in Chicago has been sold for $2,300,000. Spanning across 4,653 square feet, the property offers spacious living areas and ample room for customization. With a price per square foot of $494, the sale of this SFR represents a significant transaction in the Chicago market.
Summary of transation details
- Property Type: Single-Family Home
- Transaction Amount: $2,300,000
- Address: 4860 North Paulina Street, Chicago
- Market: Chicago
The buyer of the property is the Chicago Land Trust, while Jody Michael acted as the seller. Representing the buyer, Alex Wolking from Keller Williams ONEChicago played a pivotal role in securing the deal. Maria Fernandez, the broker representative for Jody Michael, facilitated the transaction on behalf of the seller. Their expertise in the Chicago real estate market contributed to the successful completion of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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