Updated Dec 21, 2023
HomeCo Chicago Acquires SFR In Andersonville, Chicago For $1.1M
5214 North Paulina Street, Chicago, Illinois 60640, United States
$1,100,000
$314/SF
Building Size
3,502 SF
Asset Type
Single Family Residence
Closing
Feb 1, 2022
About this deal
AI
A stunning single-family home located at 5214 N Paulina Street in Andersonville, Chicago IL has been sold in a recent transaction. The property, which underwent a gorgeous gut rehab, offers a generous living space of 3,502 square feet. It features a large primary bedroom and a formal dining area, meeting the must-haves of the buyers. With a sale price of $1,100,000, the selling price was slightly below the asking price of $1,195,000. The price per square foot stands at $314, reflecting the value of this beautiful home.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $1,100,000
- Address: 5214 N Paulina Street, Andersonville, Chicago IL
- Market: Andersonville, Chicago IL
The buyers, who are friends of the broker's best friend Brian, were looking for a home that could accommodate their family and friends and also serve as a place to start their own family. The buyers were represented by Tony Mattar from HomeCo Chicago, while the seller was represented by Bill Navarre from Berkshire Hathaway HomeServices Chicago.
This deal holds a special significance to the broker as the buyers are connected to someone close to them. The process of finding the perfect home for the buyers commenced swiftly. After visiting a few properties, they identified their essential requirements, including a large primary bedroom and a formal dining area. Eventually, they focused on this meticulously renovated home in Andersonville.
Tony Mattar, the buyer's representative from HomeCo Chicago, can be contacted at [email protected] or 248-568-6732.
Players
Chicago Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $314 per square foot on a published $1.1M for 3,502 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93