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1362 North Wolcott Avenue, ...

Robert Sikkel Properties Acquires Multifamily Property On N Wolcott Ave In Chicago For $1.275M
SOLDMultiFamily

Robert Sikkel Properties Acquires Multifamily Property On N Wolcott Ave In Chicago For $1.275M

1362 North Wolcott Avenue, Chicago, Illinois 60622, United States

$1,275,000

$285/SF

Building Size

4,464 SF

Asset Type

MultiFamily

Closing

Apr 12, 2022

AI

A multifamily property located at 1362 N Wolcott Ave in Chicago was recently sold for $1,275,000. The property is situated on a lot measuring approximately 4,900 square feet, resulting in a price per square foot of $260. The transaction took place on April 13, 2022. The buyer was represented by Robert Sikkel roperties, while Cirenio Jimenez of Re/Max Loyalty acted as the seller's representative.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,275,000
  • Lot Size: 4,900 square feet
  • Price per Square Foot: $260
  • Market: Chicago

Robert Sikkel roperties represented the buyer in this sale, while Cirenio Jimenez from Re/Max Loyalty served as the seller's representative.

Players

Robert Sikkel

At Properties Commercial

Broker

$6.6M

vol

5 deals

Broker

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

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93