Updated Sep 9, 2024
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
About this deal
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.
On the Map
$592,000
$265/SF
MultiFamily
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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