Updated Sep 9, 2024
Kathy Menighan Wilson & Kim Carmona Properties Sell Multifamily Property In Chicago For $1,262,500
3760 North Wayne Avenue
$1,262,500
$249/SF
Building Size
5,061 SF
Asset Type
MultiFamily
Closing
Aug 17, 2023
About this deal
AI
This well-maintained all-brick three-flat property is located at 3760 North Wayne Avenue in Chicago. It consists of four spacious units, including duplex units with modern amenities such as in-unit laundry and updated kitchens. The property has a new roof and garage, making it an attractive investment opportunity in a sought-after location.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $1,262,500
- Square Footage: 5,061
- Price per Square Foot: $249
- Lot Square Footage: 3,000
- Price per Lot Square Foot: $421
- Market: Chicago
The brokers involved in this sale are Kathy Menighan Wilson and Kim Carmona from Kim Carmona Properties.
On the Map
Players
Market 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
12.56%
Cash-on-Cash
-3.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93