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
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