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1139 North Winchester Avenue

Vincent Anzalone Of Dream Town Real Estate Represents Buyer In $1.25M Chicago Multifamily Sale
SOLDMultiFamily

Vincent Anzalone Of Dream Town Real Estate Represents Buyer In $1.25M Chicago Multifamily Sale

1139 North Winchester Avenue

$1,250,000

Building Size

Asset Type

MultiFamily

Closing

Aug 29, 2024

AI

A multifamily building located at 1139 North Winchester Avenue in the Chicago market was sold for a total transaction price of $1,250,000. The asset comprises two units at a price per unit of $625,000. The property has been fully remodeled and is generating significant rental income, with Airbnb projections exceeding $140,000 annually. It features modern upgrades and is situated in a secure, fenced-in area of Chicago's Ukrainian Village neighborhood.

Summary of transaction details:

Vincent Anzalone and Peter Babjak facilitated the transaction, highlighting their roles as the representatives of the buyer and seller, respectively. Their involvement was crucial in brokering the sale of this property, showcasing their expertise in the Chicago real estate market.

Players

Vincent Anzalone

Dream Town Realty

Broker

$14.4M

vol

7 deals

Broker

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93