Dream Town Realty Acquires Land In Chicago's Wolfram St For $2.25M
SOLD
$2,250,000
Illinois
See Similar Deals3,049 SF
Sold 05/02/2022
SOLD
Dream Town Realty Acquires Land In Chicago's Wolfram St For $2.25M
1640 West Wolfram Street, Chicago, Illinois 60657, United States
See Similar Deals3,049 SF
Sold 05/02/2022
Summary
ILLINOIS
Price Per Square Foot:$737
Total Square Footage:3,049 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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