Quantum Real Estate Advisors Acquires Multifamily Property In Chicago For $1.975M
2919 North Whipple Street, Chicago, Illinois 60618, United States
$1,975,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 12, 2022
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.
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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