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1831 West Warner Avenue, Ch...

Updated Dec 21, 2023

Flats, LLC Acquires Multifamily Property In Chicago For $1.02M
SOLDMultiFamily

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

Helen Sobel

Baird & Warner

Broker

$1M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $216 per square foot on a published $1M for 4,688 square feet (2021).

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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

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