The Wolcott Group LLC Sells Multifamily Property In Chicago For $1.075M
4040 South Prairie Avenue, Chicago, IL, USA
$1,075,000
$168/SF
Building Size
6,400 SF
Asset Type
MultiFamily
Closing
Nov 23, 2020
AI
The multifamily property located at 4040 S. Prairie Avenue in Chicago has been sold for a price of $1,075,000, according to a post on Instagram. The property consists of 8 units, with a per unit price of $134,375.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 8
- Price Per Unit: $134,375
The seller of the property was The Wolcott Group LLC. The sale of the property was facilitated by Max Grossman, Lucas Fryman, and Ted Stratman of Interra Realty.
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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93