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
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93