Essex Realty Group Inc. Sells Ukrainian Village Multifamily Property For $1.575M
1007 N Winchester Ave
$1,575,000
$233/SF
Building Size
6,750 SF
Asset Type
MultiFamily
Closing
Sep 15, 2022
AI
The Ukrainian Village 6-flat located at 1007 N Winchester Ave in Chicago has been sold for a price of $1,575,000. The property consists of a 4-unit front building and a 2-unit duplexed coach house. With a total of 6 units, the per unit price comes down to $262,500. The property spans across 6,750 square feet, resulting in a price per square foot of $233. This sale was facilitated by Sarah Rider, Jordan Gottlieb, Jim Darrow, and Abe Eilian from Essex Realty Group, Inc.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Units: 6
- Price per Unit: $262,500
- Square Footage: 6,750
- Price per Square Foot: $233
- Address: 1007 N Winchester Ave
- Market: Ukrainian Village, Chicago
Congratulations to Sarah Rider, Jordan Gottlieb, Jim Darrow, and Abe Eilian from Essex Realty Group, Inc. for successfully representing both the buyer and seller in this transaction. The Ukrainian Village 6-flat is ideally located on Winchester Avenue, close to Kasama and only a few blocks away from Wicker Park. This prime location offers easy access to the vibrant neighborhoods of Wicker Park, Ukrainian Village, and Bucktown. Well done to everyone involved in this smooth sale!
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93