Compass & Fulton Grace Realty Broker $1.2M Chicago Multifamily Sale
1312 West Winnemac Avenue
$1,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 17, 2024
AI
1312 West Winnemac Avenue is a 4-unit multifamily building located in Chicago. The property was recently sold for $1.2 million. This brick-constructed building sits on an extra-wide lot and boasts modernized units, central A/C, efficient heating, and convenient amenities. It is fully occupied and is situated near the popular Andersonville and Uptown neighborhoods.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 4
- Price Per Unit: $300,000
- Address: 1312 West Winnemac Avenue
- Market: Chicago
Kyle Jamicich from Compass represented the buyer in this transaction, while Owen Duffy from Fulton Grace Realty represented the seller. The deal involved skilled professionals ensuring a successful sale of this prime multifamily property.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93