Quantum Real Estate Advisors Acquires Multifamily Property In Chicago For $1.975M
SOLD
$1,975,000
Illinois
See Similar DealsMultiFamily
Sold 12/12/2022
SOLD
Quantum Real Estate Advisors Acquires Multifamily Property In Chicago For $1.975M
2919 North Whipple Street, Chicago, Illinois 60618, United States
See Similar DealsMultiFamily
Sold 12/12/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2919 W. Whipple St in Chicago has been sold for a sale price of $1,975,000. The transaction took place on 12/12/2022. The property consists of 10 units, with a per unit price of $197,500.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,975,000
- Units: 10
- Price per Unit: $197,500
The sale of the property was facilitated by Clay Maxfield and Seth Gilford of Quantum Real Estate Advisors, Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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