Citywide Real Estate Acquires Multifamily Property In Chicago For $1.8M
SOLD
$1,800,000
Illinois
See Similar DealsMultiFamily1,450 SF
Sold 04/21/2021
SOLD
Citywide Real Estate Acquires Multifamily Property In Chicago For $1.8M
2653 North Wilton Avenue, Chicago, IL, USA
See Similar DealsMultiFamily1,450 SF
Sold 04/21/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$1,241
Total Square Footage:1,450 SF
Transaction Type:Sale
A multifamily property located at 2653 N Wilton Ave in Chicago was recently sold for $1,800,000. The property consists of 4 units, with each unit priced at $450,000. The sale took place on April 21, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 2653 N Wilton Ave, Chicago
- Market: Chicago
- Units: 4
- Price per unit: $450,000
The buyer's representative in this transaction was Junzhou Cui from Citywide Real Estate, while the seller's representative was Michael Hall from Baird & Warner.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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