Updated Dec 19, 2023
Harry Maisel Properties Acquires 5-Unit Multifamily Property On N Wilton Ave In Chicago For $2.4M
3718 North Wilton Avenue, Chicago, IL 60613
$2,400,000
$787/SF
Building Size
3,049 SF
Asset Type
MultiFamily
Closing
Oct 29, 2021
About this deal
AI
The multifamily property located at 3718 N Wilton Ave in Chicago has recently been sold in a closed transaction. The sale took place on October 29, 2021, with a sale price of $2,400,000. The property consists of 5 units, resulting in a price per unit (PPU) of $480,000. The lot size is 3,049 square feet, making the price per square foot (PPLSF) $787.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 5
- Price per Unit: $480,000
- Lot Size: 3,049 square feet
- Price per Square Foot: $787
Harry Maisel from Harry Maisel Properties represented the buyer in this transaction, while Jonathan Stein from Fulton Grace Realty represented the seller. They played crucial roles in facilitating the smooth execution of the deal.
Players
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93