Dream Town Realty Acquires Land In Chicago's Wolfram St For $2.25M
1640 West Wolfram Street, Chicago, Illinois 60657, United States
$2,250,000
$737/SF
Building Size
3,049 SF
Asset Type
—
Closing
May 1, 2022
About this deal
AI
Located at 1640 W Wolfram St in Chicago, this recently sold land asset was a notable transaction in the market. The sale took place on 05/02/2022, and the property was purchased for a total price of $2,250,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,250,000
- Address: 1640 W Wolfram St
- Market: Chicago
The buyer's representative, Ian Halpin from Dream Town Realty, played a key role in the transaction. Meanwhile, the seller's representative, Carrie McCormick from McCormick Properties, represented the seller throughout the deal.
With a building square footage (BSF) of 3,049, the property is valued at a price per BSF (PPBSF) of $738.
On the Map
$2,250,000
$737/SF
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Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93