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2620 North Wilton Avenue

Carrie McCormick Properties Acquires 4-Unit Multifamily In Chicago For $1.65M
SOLDMultiFamily

Carrie McCormick Properties Acquires 4-Unit Multifamily In Chicago For $1.65M

2620 North Wilton Avenue

$1,650,000

$330/SF

Building Size

5,000 SF

Asset Type

MultiFamily

Closing

Aug 2, 2022

AI

The multifamily property located at 2620 N Wilton Ave in Chicago has been sold in a closed transaction. The property consists of 4 units, with a total square footage of 5,000. The sale price for this transaction was $1,650,000, resulting in a price per unit (PPU) of $412,500 and a price per square foot (PPSF) of $330.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Units: 4
  • PPU: $412,500
  • SF: 5,000
  • PPSF: $330

The sale of this multifamily property was facilitated by Carrie McCormick Properties and 33 Realty. Carrie McCormick and Mark Kurgan represented the respective parties in this transaction.

Players

Mark Kurgan

33 Realty

Broker

$12.9M

vol

6 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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93