Updated Dec 21, 2023
B2b Investment Properties Acquires 3-Unit Multifamily In Chicago For $1.29M
1801 West Wabansia Avenue, Chicago, Illinois 60622, United States
$1,290,000
$198/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Jan 25, 2022
About this deal
AI
Located in Chicago, the multifamily property at 1801 W Wabansia Ave has recently been sold for $1,290,000. This property consists of 3 units, with an average price per unit of $430,000. The total square footage of the property is 6,500, resulting in a price per square foot of $198.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,290,000
- Address: 1801 W Wabansia Ave
- Units: 3
- Price per Unit: $430,000
- Square Footage: 6,500
- Price per Square Foot: $198
- Market: Chicago
Brigette Bell from B2b Investment Properties LLC represented the buyer in this transaction, while Scott Broene from Compass represented the seller.
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
12.30%
Cash-on-Cash
-3.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93