Triton Realty Group Acquires Multifamily Property On W Winnemac Ave In Chicago
1454 West Winnemac Avenue, Chicago, Illinois 60640, United States
$1,500,000
$221/SF
Building Size
6,785 SF
Asset Type
MultiFamily
Closing
Jan 20, 2022
AI
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
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93