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2017 West Potomac Avenue, C...

Veronica Miklusicak Acquires Chicago Multifamily For $1.14M
SOLDMultiFamily

Veronica Miklusicak Acquires Chicago Multifamily For $1.14M

2017 West Potomac Avenue, Chicago, IL, USA

$1,140,000

$373/SF

Building Size

3,049 SF

Asset Type

MultiFamily

Closing

Apr 5, 2021

AI

Veronica Miklusicak of Veronica Miklusicak Properties represented the buyer in the sale of a multifamily property located at 2017 W Potomac Ave, Chicago. The transaction took place on April 6, 2021, with a sale price of $1,140,000. The property consists of 3 units, resulting in a price per unit (PPU) of $380,000. Michael Hall from Baird & Warner acted as the seller's representative in the deal.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,140,000
  • Address: 2017 W Potomac Ave, Chicago
  • Market: Chicago
  • Buyer's Representative: Veronica Miklusicak - Veronica Miklusicak Properties
  • Seller's Representative: Michael Hall - Baird & Warner
  • Units: 3
  • Price per Unit (PPU): $380,000

This successful transaction demonstrates the expertise of Veronica Miklusicak from Veronica Miklusicak Properties as she represented the buyer in acquiring the multifamily property. Michael Hall, a broker from Baird & Warner, played a crucial role as the seller's representative. Together, they facilitated the sale, ensuring a smooth and efficient process for both parties involved.

Players

Veronica Miklusicak

At Properties Commercial

Broker

$1.1M

vol

1 deal

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

13.91%

Cash-on-Cash

-3.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93