Updated Dec 21, 2023
Flats, LLC Acquires Multifamily Property In Chicago For $1.02M
1831 West Warner Avenue, Chicago, IL 60613
$1,015,000
$216/SF
Building Size
4,688 SF
Asset Type
MultiFamily
Closing
Dec 13, 2021
About this deal
AI
The multifamily property located at 1831 W Warner Ave in Chicago has been sold for a total price of $1,015,000. The property sits on a lot size of 4,688 square feet, which translates to a price per square foot of $217. The sale took place on December 13, 2021 and was facilitated by Helen Sobel of Baird & Warner North Center, representing the seller, and Yan Pesotskiy of Flats, LLC, representing the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,015,000
- Lot Size: 4,688 square feet
- Price per Square Foot: $217
- Market: Chicago
- Seller's Representative: Helen Sobel - Baird & Warner North Center
- Buyer's Representative: Yan Pesotskiy - Flats, LLC
Helen Sobel of Baird & Warner North Center represented the seller in this transaction. Yan Pesotskiy of Flats, LLC, on the other hand, represented the buyer. The deal was successfully closed on December 13, 2021, with Helen Sobel and Yan Pesotskiy playing integral roles in the negotiation and completion of the sale.
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
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93