Updated Dec 20, 2023
Matthew Mika & Norbert Mika Acquire Multifamily Property In Chicago For $2.32M
4418 N Wolcott Ave, Chicago, IL, USA
$2,320,000
$209/SF
Building Size
11,096 SF
Asset Type
MultiFamily
Closing
Feb 25, 2021
About this deal
AI
A multifamily property located at 4418 N Wolcott Ave in Chicago has been sold for a price of $2,320,000. The property consists of 10 units, with a per unit price of $232,000. The transaction took place on February 26, 2021, and the property was marketed by Matthew Mika and Norbert Mika from Compass. The sale of this property reflects a capitalization rate of 5.9%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,320,000
- Address: 4418 N Wolcott Ave, Chicago
- Market: Chicago
- Units: 10
- Price Per Unit: $232,000
- Cap Rate: 5.9%
The sale of this multifamily property was facilitated by Matthew Mika and Norbert Mika from Compass. They played a key role in representing the buyer and seller in this transaction.
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
6.84%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93