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.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93