Robert Sikkel Properties Acquires Multifamily Property On N Wolcott Ave In Chicago For $1.275M
SOLD
$1,275,000
Illinois
See Similar DealsMultiFamily4,464 SF
Sold 04/13/2022
SOLD
Robert Sikkel Properties Acquires Multifamily Property On N Wolcott Ave In Chicago For $1.275M
1362 North Wolcott Avenue, Chicago, Illinois 60622, United States
See Similar DealsMultiFamily4,464 SF
Sold 04/13/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$285
Total Square Footage:4,464 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81
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