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
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