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Triton Realty Group Acquires Multifamily Property In Chicago's Wicker Park For $3M

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SOLD
$3,000,000

Illinois

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MultiFamily3,750 SF
Sold 07/23/2021
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Property Image
SOLD

Triton Realty Group Acquires Multifamily Property In Chicago's Wicker Park For $3M

401 North Wicker Park Avenue, Chicago, IL, USA

See Similar Deals
MultiFamily3,750 SF
Sold 07/23/2021
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$800
Total Square Footage:3,750 SF
Transaction Type:Sale

An multifamily property located at 401 N Wicker Park Ave in Chicago was recently sold for a price of $3,000,000. The property has a total square footage of 3,750, resulting in a price per square foot of $3,750. The lot size of the property is also 3,750. The sale took place on 07/23/2021 and was facilitated by Steven Novit of Jameson Sotheby's International Realty, who represented the seller, and Matthew Fritzshall of Triton Realty Group LLC, who represented the buyer.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Square Footage: 3,750
  • Price per Square Foot: $3,750
  • Lot Size: 3,750
  • Date of Sale: 07/23/2021
  • Market: Chicago

The buyer's representative in this transaction was Matthew Fritzshall of Triton Realty Group LLC, while the seller's representative was Steven Novit of Jameson Sotheby's International Realty. This successful transaction highlights the expertise and professionalism of both representatives in the real estate market in Chicago.

Players

Matthew "Matt" Fritzshall
16 deals$84.6M volume
BROKER

Steven Novit
Sotheby's International Realty
2 deals$4.6M volume
BROKER

Details

SOLD
IMAGE: Steven Novit & Matthew Fritzshall DATE: 07/23/2021 ADDRESS: 401 N Wicker Park Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Matthew Fritzshall - Triton Realty Group LLC SELLER'S REP: Steven Novit - Jameson Sotheby's International Realty SALE PRICE: $3,000,000 SF: 3,750 ~ PPSF: $3,750 LOT SIZE: 3,750

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$10,658.36
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