Updated Dec 21, 2023
Berkshire Hathaway HomeServices Chicago Acquires Multifamily Property In Chicago For $1.6M
1047 West Wolfram Street, Chicago, IL 60657, USA
$1,585,000
$283/SF
Building Size
5,600 SF
Asset Type
MultiFamily
Closing
Aug 27, 2021
About this deal
AI
A multifamily property located at 1047 W Wolfram St in Chicago was recently sold for $1,585,000. The property spans 5,600 square feet, resulting in a price per square foot of $283. The lot size is 4,688 square feet. The sale took place on August 27, 2021, and the transaction was facilitated by broker Meredith Meserow of Berkshire Hathaway HomeServices Chicago.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,585,000
- Square Footage: 5,600
- Price per Square Foot: $283
- Lot Size: 4,688 square feet
- Broker: Meredith Meserow - Berkshire Hathaway HomeServices Chicago
Meredith Meserow, representing Berkshire Hathaway HomeServices Chicago, played a key role in facilitating the sale of the property at 1047 W Wolfram St. The transaction demonstrates the demand for multifamily properties in the Chicago market.
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
10.01%
Cash-on-Cash
-2.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93