Citywide Real Estate Acquires Multifamily Property In Chicago For $1.8M
2653 North Wilton Avenue, Chicago, IL, USA
$1,800,000
$1,241/SF
Building Size
1,450 SF
Asset Type
MultiFamily
Closing
Apr 20, 2021
AI
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.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93