Dream Town Realty Sells Multifamily Property In Chicago For $1.1M
SOLD
$1,100,000
Illinois
See Similar DealsMultiFamily1,100 SF
Sold 03/24/2021
SOLD
Dream Town Realty Sells Multifamily Property In Chicago For $1.1M
1814 North Wilmot Avenue, Chicago, IL 60647
See Similar DealsMultiFamily1,100 SF
Sold 03/24/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:1,100 SF
Transaction Type:Sale
The multifamily property located at 1814-16 North Wilmot Ave in Chicago has been sold for a price of $1,100,000. The transaction took place on 03/24/2021 and was facilitated by broker James Sheehan from Dream Town Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Date: 03/24/2021
- Address: 1814-16 North Wilmot Ave
- Market: Chicago
- Broker: James Sheehan - Dream Town Realty
The sale was conducted by James Sheehan, representing Dream Town Realty, who played a crucial role in finalizing the deal. The property is situated in the vibrant city of Chicago, offering a prime location for potential residents or investors. The transaction marks an important milestone in the real estate market, showcasing the continued demand for multifamily properties in the Chicago area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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