Wicker Park Multifamily Sells For $592K With Brokers Joe Kahlhammer & Steve Dombar
1629 West Beach Avenue, Chicago, Illinois 60622, United States
$592,000
$265/SF
Building Size
2,234 SF
Asset Type
MultiFamily
Closing
Apr 19, 2022
AI
Located in the vibrant neighborhood of Wicker Park, Chicago, this multifamily property at 1629 W Beach Ave has recently changed hands in a successful sale transaction. The deal was closed on 04/20/2022, with a sale price of $592,000, making it an exciting acquisition in the local market.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $592,000
- Units: 4
- Price Per Unit (PPU): $148,000
- Square Footage (SF): 2,234
- Price Per Square Foot (PPSF): $265
- Market: Wicker Park, Chicago
Representing the buyer in this noteworthy deal was Joe Kahlhammer from CRER, a reputable real estate agency. On the other side, Steve Dombar from Redfin Corp facilitated the transaction as the seller's representative, adding to the success of the sale.
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
26.80%
Cash-on-Cash
-7.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93