Updated Sep 9, 2024
Quantum Real Estate Advisors Acquires Multifamily Property In Chicago For $1.975M
2919 North Whipple Street, Chicago, Illinois 60618, United States
$1,975,000
Units
10
Asset Type
MultiFamily
Closing
Dec 12, 2022
About this deal
AI
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.
The multifamily sale at 2919 North Whipple Street, Chicago, Illinois 60618, United States in Chicago, Illinois sold for $2M in 2022. Reported inventory is 10 units across 10 units. Clay Maxfield, Quantum Real Estate Advisors appear on the sale alongside Quantum Real Estate Advisors. This page is the Chicago, Illinois file for the 2919 North Whipple Street, Chicago, Illinois 60618, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2919 North Whipple Street, Chicago, Illinois 60618, United States around 2022. Published consideration for 2919 North Whipple Street, Chicago, Illinois 60618, United States is $2M, dated 2022. Cite this Quantum Real Estate Advisors Acquires Multifamily Property In Chicago For $1.975M sale when underwriting similar multifamily product around Chicago, Illinois.
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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93