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1210 West Wellington Avenue

Sheehan Real Estate Sells Lakeview Multifamily Property For $1.27M
SOLDMultiFamily

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

James Sheehan

Sheehan Real Estate

Broker

$9.7M

vol

4 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

12.49%

Cash-on-Cash

-3.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93