Luca Lollino Of RE/MAX Properties Northwest Acquires Multifamily Property In Chicago For $1.175M
SOLD
$1,175,000
Illinois
See Similar DealsMultiFamily4,600 SF
Sold 11/30/2021
SOLD
Luca Lollino Of RE/MAX Properties Northwest Acquires Multifamily Property In Chicago For $1.175M
1758 West Wellington Avenue, Chicago, IL 60657
See Similar DealsMultiFamily4,600 SF
Sold 11/30/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$255
Total Square Footage:4,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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