The Wolcott Group LLC Sells Multifamily Property In Chicago For $1.075M
SOLD
$1,075,000
Illinois
See Similar DealsMultiFamily6,400 SF
Sold 11/24/2020
SOLD
The Wolcott Group LLC Sells Multifamily Property In Chicago For $1.075M
4040 South Prairie Avenue, Chicago, IL, USA
See Similar DealsMultiFamily6,400 SF
Sold 11/24/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$168
Total Square Footage:6,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58
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