Updated Sep 9, 2024
Dream Town Realty Sells Multifamily Property In Chicago For $1.1M
1814 North Wilmot Avenue, Chicago, IL 60647
$1,100,000
$1,000/SF
Building Size
1,100 SF
Asset Type
MultiFamily
Closing
Mar 23, 2021
About this deal
AI
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.
On the Map
$1,100,000
$1,000/SF
MultiFamily
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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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93