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5214 North Paulina Street, ...

Updated Dec 21, 2023

HomeCo Chicago Acquires SFR In Andersonville, Chicago For $1.1M
SOLDSingle Family Residence

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

Tony Mattar

Compass

Broker

$1.1M

vol

1 deal

Broker

Chicago Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

HomeCo Chicago bought a home in Chicago for $1.1M in 2022. The full closing is on this page.

About $314 per square foot on a published $1.1M for 3,502 square feet (2022).

Visit Berkshire Hathaway HomeServices to view all their deals.

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

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