Luca Lollino Of RE/MAX Properties Northwest Acquires Multifamily Property In Chicago For $1.175M
1758 West Wellington Avenue, Chicago, IL 60657
$1,175,000
$255/SF
Building Size
4,600 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
AI
A multifamily property located at 1758 W Wellington Ave in Chicago has been sold in a recent transaction. The sale took place on November 30, 2021, and the property was purchased for a total price of $1,175,000. The property has a total square footage of approximately 4,600 square feet, resulting in a price per square foot of $255. The lot size is 3,049 square feet, with a price per lot square foot of $385.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 1758 W Wellington Ave, Chicago
- Market: Chicago
In this transaction, Luca Lollino from RE/MAX Properties Northwest represented the buyer as their representative. Meanwhile, Ryan Mckane from Redfin Corporation acted as the seller's representative in 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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93