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Compass & Fulton Grace Realty Broker $1.2M Chicago Multifamily Sale

Property Image
SOLD
$1,200,000
Owen Duffy
Kyle Jamicich

Illinois

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MultiFamily
Sold 06/17/2024
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Property Image
SOLD

Compass & Fulton Grace Realty Broker $1.2M Chicago Multifamily Sale

1312 West Winnemac Avenue

See Similar Deals
MultiFamily
Sold 06/17/2024
Owen Duffy
Kyle Jamicich
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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

Kyle Jamicich
Compass
Kyle Jamicich
3 deals$3.9M volume
BROKER
Owen Duffy
Fulton Grace Realty
Owen Duffy
3 deals$4.5M volume
BROKER

Details

SOLD
IMAGE: Owen Duffy & Kyle Jamicich DATE: 06/17/2024 ADDRESS: 1312 West Winnemac Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Kyle Jamicich (@KyleJamicich) - Compass (@Compass) SELLER'S REP: Owen Duffy (@OwenDuffygroup) - Fulton Grace Realty (@FultonGraceRealty) SALE PRICE: $1,200,000 UNITS: 4 ~ PPU: $300,000 NOTE: 1312 West Winnemac Avenue, a 4-unit multifamily building in Chicago, sold for $1.2 million, with Compass's Kyle Jamicich representing the buyer and Fulton Grace Realty's Owen Duffy representing the seller. The fully occupied, brick-constructed property on an extra-wide lot features modernized units, central A/C, efficient heating, and convenient amenities, situated near the desirable Andersonville and Uptown neighborhoods.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35