Quantum Real Estate Advisors Acquires Multifamily Property On Wellington Ave In Chicago For $2.85M
SOLD
$2,850,000
Illinois
See Similar DealsMultiFamily
Sold 09/08/2022
SOLD
Quantum Real Estate Advisors Acquires Multifamily Property On Wellington Ave In Chicago For $2.85M
3137 West Wellington Avenue, Chicago, Illinois 60618, United States
See Similar DealsMultiFamily
Sold 09/08/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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