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1758 West Wellington Avenue...

Luca Lollino Of RE/MAX Properties Northwest Acquires Multifamily Property In Chicago For $1.175M
SOLDMultiFamily

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

Ryan McKane

Broker

$2.3M

vol

2 deals

Broker

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