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Kevin Hinton Acquires Multifamily Property In Wicker Park, Chicago For $1.385M

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SOLD
$1,385,000

Illinois

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MultiFamily
Sold 06/03/2024
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SOLD

Kevin Hinton Acquires Multifamily Property In Wicker Park, Chicago For $1.385M

1424 North Hoyne Avenue

See Similar Deals
MultiFamily
Sold 06/03/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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

Joseph ( Joe) Kotoch
6 deals$7.7M volume
BROKER

Kevin Hinton
Keller Williams Realty
3 deals$4.3M volume
BROKER

Details

SOLD
IMAGE: Kevin Hinton & Joseph Kotoch DATE: 06/03/2024 ADDRESS: 1424 North Hoyne Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Kevin Hinton (@KevinHintonrealestate) - Keller Williams ONEChicago (@KWOneChicago) SELLER'S REP: Joseph Kotoch (@WindyCityAgents) - Compass (@Compass) SALE PRICE: $1,385,000 NOTE: 1424 North Hoyne Avenue, a renovated three-flat in Wicker Park, Chicago, was sold for $1,385,000. Kevin Hinton of Keller Williams ONEChicago represented the buyer, while Joseph Kotoch of Compass represented the seller. 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.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,920.60
Cash-on-Cash Return-1.27%
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