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

Property Image
SOLD
$1,650,000

Illinois

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MultiFamily5,000 SF
Sold 08/02/2022
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Property Image
SOLD

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

2620 North Wilton Avenue

See Similar Deals
MultiFamily5,000 SF
Sold 08/02/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:5,000 SF
Transaction Type:Sale

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
6 deals$12.9M volume
BROKER

Carrie McCormick
At Properties Commercial
34 deals$109.1M volume
BROKER

Details

SOLD
IMAGE: Carrie McCormick DATE: 08/02/2022 ADDRESS: 2620 N Wilton Ave MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Carrie McCormick - @properties; Mark Kurgan - 33 Realty SALE PRICE: $1,650,000 UNITS: 4 ~ PPU: $412,500 SF: 5,000 ~ PPSF: $330

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10