Sheehan Real Estate Sells Lakeview Multifamily Property For $1.27M
1210 West Wellington Avenue
$1,270,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 14, 2024
AI
1210 West Wellington Avenue in Chicago is a multifamily property in the Lakeview neighborhood, recently sold for $1,270,000. The property consists of a legal 2-unit layout with an additional in-law unit. Featuring original woodwork, hardwood floors, and ample storage, this property offers investment potential and is suitable for multi-family living, with opportunities for value enhancement.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,270,000
- Units: 2
- Price per Unit: $635,000
- Address: 1210 West Wellington Avenue, Chicago
- Market: Chicago
Andrew Thurston and James Sheehan of Sheehan Real Estate were the brokers responsible for handling the transaction of the multifamily property at 1210 West Wellington Avenue. With their expertise, the sale of this property was successfully facilitated, showcasing their commitment to delivering excellent service in real estate transactions.
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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93