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3137 West Wellington Avenue...

Quantum Real Estate Advisors Acquires Multifamily Property On Wellington Ave In Chicago For $2.85M
SOLDMultiFamily

Quantum Real Estate Advisors Acquires Multifamily Property On Wellington Ave In Chicago For $2.85M

3137 West Wellington Avenue, Chicago, Illinois 60618, United States

$2,850,000

Building Size

Asset Type

MultiFamily

Closing

Sep 7, 2022

AI

The multifamily property located at 3137 W. Wellington Ave in Chicago has been sold for a total price of $2,850,000. This property consists of 12 units, resulting in a price per unit (PPU) of $237,500. The transaction was facilitated by Clay Maxfield, a representative from Quantum Real Estate Advisors, Inc.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,850,000
  • Address: 3137 W. Wellington Ave, Chicago
  • Market: Chicago
  • Units: 12
  • PPU: $237,500

Clay Maxfield, from Quantum Real Estate Advisors, Inc., played a pivotal role in facilitating the sale of this multifamily property in Chicago.

Players

Clay Maxfield

Quantum Real Estate Advisors

Broker

$27.5M

vol

10 deals

Broker

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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93