Kevin Hinton Acquires Multifamily Property In Wicker Park, Chicago For $1.385M
1424 North Hoyne Avenue
$1,385,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 3, 2024
AI
1424 North Hoyne Avenue, a renovated three-flat in Wicker Park, Chicago, was sold for $1,385,000. The property features three distinct units, each with luxurious finishes, including stylish kitchens, elegant bathrooms, built-out closets, hardwood floors, and in-unit washer and dryers, offering a desirable living experience in a vibrant neighborhood.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,385,000
- Address: 1424 North Hoyne Avenue
- Market: Chicago
Kevin Hinton of Keller WilliamsONEChicago represented the buyer in this transaction, while Joseph Kotoch of Compass represented the seller. Hinton and Kotoch played key roles in facilitating the sale of the property, each bringing their expertise to ensure a successful deal for their respective clients.
Players
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
11.45%
Cash-on-Cash
-3.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93