Triton Realty Group Acquires Multifamily Property In Chicago's Wicker Park For $3M
401 North Wicker Park Avenue, Chicago, IL, USA
$3,000,000
$800/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Jul 22, 2021
AI
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
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93