Updated Dec 20, 2023
Downtown Realty Company Acquires Multifamily Property On N Wood St In Chicago For $1.5M
1040 North Wood Street, Chicago, IL, USA
$1,499,000
$1,249/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
The multifamily property located at 1040 N Wood St in Chicago has been sold for $1,499,000. The property consists of 4 units, resulting in a per unit price of $374,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,499,000
- Address: 1040 N Wood St, Chicago
- Market: Chicago
The buyer's representative in this deal was Quentin Green III from Downtown Realty Company. On the other hand, Konrad Dabrowski and Will Goldberg from Fulton Grace Realty represented the seller.
The multifamily sale at 1040 North Wood Street, Chicago, IL, USA in Chicago, Illinois sold for $1.5M in 2021. Reported inventory is 1,200 square feet across 4 units, or about 1.2K per square foot. Konrad Dabrowski, Will Goldberg, Quentin Green, Downtown Realty Company appear on the sale alongside Downtown Realty Company, Fulton Grace Realty. This page is the Chicago, Illinois file for the 1040 North Wood Street, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1040 North Wood Street, Chicago, IL, USA around 2021. Published consideration for 1040 North Wood Street, Chicago, IL, USA is $1.5M, dated 2021. Cite this Downtown Realty Company Acquires Multifamily Property On N Wood St In Chicago For $1.5M sale when underwriting similar multifamily product around Chicago, Illinois.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93