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1424 North Hoyne Avenue

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

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

Joseph Kotoch

Compass

Broker

$7.7M

vol

6 deals

Broker

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

11.45%

Cash-on-Cash

-3.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93