Interra Realty And Downtown Realty Company Sell Multifamily Property In Wicker Park, Chicago For $1.55M
1731 West Potomac Avenue, Chicago, Illinois 60622, United States
$1,550,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
A multifamily property located at 1731 W Potomac Ave in Wicker Park, Chicago has been sold for $1,550,000. The property consists of 5 units, and the price per unit was $310,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Units: 5
- Price Per Unit: $310,000
- Market: Wicker Park, Chicago
The sale of the property was facilitated by the brokers Jeremy Morton and Ted Stratman from Interra Realty, along with Quentin Green from Downtown Realty Company.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93