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Triton Realty Group Acquires Multifamily Property On W Winnemac Ave In Chicago

Property Image
SOLD
$1,500,000

Illinois

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MultiFamily6,785 SF
Sold 01/20/2022
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Property Image
SOLD

Triton Realty Group Acquires Multifamily Property On W Winnemac Ave In Chicago

1454 West Winnemac Avenue, Chicago, Illinois 60640, United States

See Similar Deals
MultiFamily6,785 SF
Sold 01/20/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$221
Total Square Footage:6,785 SF
Transaction Type:Sale

This multifamily property located at 1454 W Winnemac Ave in the Chicago market was recently sold for a price of $1,500,000. The property has a total square footage of 6,785, resulting in a price per square foot of $221. Additionally, the lot size is 9,669 square feet, with a price per square foot of $155.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Square Footage: 6,785
  • Price per Square Foot: $221
  • Lot Size: 9,669 square feet
  • Price per Lot Square Foot: $155

The buyer's representative in this transaction was Matthew Fritzshall from Triton Realty Group LLC. On the other hand, Colleen Thacker represented the seller and was associated with Baird & Warner. Both parties played a crucial role in facilitating this closed transaction.

Players

Matthew "Matt" Fritzshall
16 deals$84.6M volume
BROKER

Colleen Thacker
Baird & Warner
1 deal$1.5M volume
BROKER

Details

SOLD
IMAGE: Colleen Thacker & Matthew Fritzshall DATE: 01/20/2022 ADDRESS: 1454 W Winnemac Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Matthew Fritzshall - Triton Realty Group LLC SELLER'S REP: Colleen Thacker - Baird & Warner SALE PRICE: $1,500,000 SF: 6,785 ~ PPSF: $221 LOT SF: 9,669 ~ PPLSF: $155

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18