Updated Dec 21, 2023
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
Units
5
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
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.
The multifamily sale at 1731 West Potomac Avenue, Chicago, Illinois 60622, United States in Chicago, Illinois sold for $1.6M in 2022. Reported inventory is 5 units across 5 units. Quentin Green, Ted Stratman, Jeremy Morton, Downtown Realty Company appear on the sale alongside Downtown Realty Company, Interra Realty. This page is the Chicago, Illinois file for the 1731 West Potomac Avenue, Chicago, Illinois 60622, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 1731 West Potomac Avenue, Chicago, Illinois 60622, United States around 2022. Published consideration for 1731 West Potomac Avenue, Chicago, Illinois 60622, United States is $1.6M, dated 2022. Cite this Interra Realty And Downtown Realty Company Sell Multifamily Property In Wicker Park, Chicago For $1.55M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
Chicago MultiFamily Market Snapshot
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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