Updated Dec 21, 2023
Baird & Warner Acquires Multifamily Property In Wicker Park, Chicago For $1.1M
1557 North Honore Street, Wicker Park, Chicago, IL 60622, USA
$1,097,100
$301/SF
Building Size
3,644 SF
Asset Type
MultiFamily
Closing
Oct 18, 2021
About this deal
AI
A multifamily property located at 1557 N Honore in Wicker Park, Chicago has been sold in a recent transaction. The property consists of 4 units, with a total area of 3,644 square feet. The sale price for this transaction was $1,097,100, resulting in a price per unit of $274,275. The price per square foot for the property is $301. The property was listed with an asking price of $1,175,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,097,100
- Units: 4
- Price per Unit: $274,275
- Square Footage: 3,644
- Price per Square Foot: $301
- Asking Price: $1,175,000
Mike Greco from Baird & Warner represented the buyer in this transaction, while Ted Mercer from Cityscape Real Estate represented the seller. They played key roles in successfully closing the deal.
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
14.46%
Cash-on-Cash
-4.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93