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Dream Town Realty Acquires SFR In Park Ridge For $1.15M

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SOLD
$1,150,000

Illinois

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Single Family Residence5,296 SF
Sold 06/08/2022
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Property Image
SOLD

Dream Town Realty Acquires SFR In Park Ridge For $1.15M

919 South Prospect Avenue, Park Ridge, Illinois 60068, United States

See Similar Deals
Single Family Residence5,296 SF
Sold 06/08/2022
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Summary

ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$217
Total Square Footage:5,296 SF
Transaction Type:Sale

A single-family home located at 919 S Prospect Ave in Park Ridge has been sold for $1,150,000. The property features a spacious area of 5,296 square feet, resulting in a price per square foot of $217.

Summary of transaction details:

  • Property Type: SFR
  • Sale Price: $1,150,000
  • Square Footage: 5,296
  • Price Per Square Foot: $217
  • Address: 919 S Prospect Ave, Park Ridge
  • Market: Park Ridge

Megan Weber represented the buyer in this transaction through Dream Town Realty, while the seller was represented by Andy Ogorzaly from EXIT Strategy Realty. The deal concluded on June 8, 2022.

Notably, the property boasts a prime corner lot in Park Ridge and includes a rare 1st floor in-law style apartment wing.

Players

Andy Ogorzaly
2 deals$1.7M volume
BROKER

Megan Weber
Dream Town Realty
2 deals$2.3M volume
BROKER

Details

SOLD
IMAGE: Megan Weber & Andy Ogorzaly DATE: 06/08/2022 ADDRESS: 919 S Prospect Ave MARKET: Park Ridge ASSET TYPE: SFR BUYER'S REP: Megan Weber - Dream Town Realty SELLER'S REP: Andy Ogorzaly (@Andyohomesales) - EXIT Strategy Realty SALE PRICE: $1,150,000 SF: 5,296 ~ PPSF: $217 NOTE FROM BROKER: Prime corner lot in Park Ridge with a rare 1st floor in-law style apartment wing.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$61,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04