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:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 2
- Price per Unit: $625,000
- Buyer's Representative: Vincent Anzalone - Dream Town Real Estate
- Seller's Representative: Peter Babjak - Sky High Real Estate
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
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93