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1454 West Winnemac Avenue, ...

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

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

Matthew Fritzshall

TRITON Realty Group

Broker

$84.6M

vol

16 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93