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Alex Wolking & Andrei Savtchenko Facilitate $1.6M Sale Of Multifamily Property In Chicago

Property Image
SOLD
$1,600,000
Alex Wolking
Andrei Savtchenko

Illinois

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MultiFamily
Sold 04/05/2024
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Property Image
SOLD

Alex Wolking & Andrei Savtchenko Facilitate $1.6M Sale Of Multifamily Property In Chicago

3513 North Sheffield Avenue

See Similar Deals
MultiFamily
Sold 04/05/2024
Alex Wolking
Andrei Savtchenko
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

3513 North Sheffield Avenue in Chicago is a multifamily property that was sold for $1,600,000. The transaction was facilitated by Alex Wolking of Keller Williams ONEChicago who represented the buyer, and Andrei Savtchenko of Compass who represented the seller.

Summary of transaction details:

The deal's key individuals involved in the transaction were Alex Wolking of Keller Williams ONEChicago, representing the buyer, and Andrei Savtchenko of Compass, representing the seller.

Players

Alex Wolking
Keller Williams Realty
Alex Wolking
12 deals$23M volume(312) 343-1039
BROKER
Andrei Savtchenko
Compass
Andrei Savtchenko
1 deal$1.6M volume(312) 404-6222
BROKER

Details

SOLD
IMAGE: Alex Wolking & Andrei Savtchenko DATE: 04/05/2024 ADDRESS: 3513 North Sheffield Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Alex Wolking (@AlexWolking)- Keller Williams ONEChicago (@KWOneChicago) SELLER'S REP: Andrei Savtchenko (@AndreiSavtchenko) - Compass (@Compass) SALE PRICE: $1,600,000 NOTE: 3513 North Sheffield Avenue in Chicago, a multifamily property, was sold for $1,600,000, with Alex Wolking of Keller Williams ONEChicago representing the buyer and Andrei Savtchenko of Compass representing the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80