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1816 North Wood Street

Roman Patzner & Clark Patterson Facilitate $1.26M Multifamily Sale In Chicago
SOLDMultiFamily

Roman Patzner & Clark Patterson Facilitate $1.26M Multifamily Sale In Chicago

1816 North Wood Street

$1,256,000

Building Size

Asset Type

MultiFamily

Closing

Mar 13, 2024

AI

In Chicago, a multifamily property located at 1816 North Wood Street was recently sold for $1,256,000. Roman Patzner of Fulton Grace Realty represented the buyer, while Clark Patterson of Jameson Commercial represented the seller in this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,256,000
  • Address: 1816 North Wood Street
  • Market: Chicago

Roman Patzner of Fulton Grace Realty served as the buyer's representative, while Clark Patterson of Jameson Commercial acted as the seller's representative in the sale of this multifamily property.

Players

Clark Patterson

TRITON Realty Group

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

12.63%

Cash-on-Cash

-3.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93