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1007 N Winchester Ave

Essex Realty Group Inc. Sells Ukrainian Village Multifamily Property For $1.575M
SOLDMultiFamily

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

Abe Eilian

Essex Realty Group

Broker

$122M

vol

30 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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