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5230 North Wayne Avenue, Ch...

Beth Babcock Properties Acquires Multifamily Property In Chicago For $1.1M
SOLDMultiFamily

Beth Babcock Properties Acquires Multifamily Property In Chicago For $1.1M

5230 North Wayne Avenue, Chicago, IL 60640, USA

$1,100,000

$198/SF

Building Size

5,545 SF

Asset Type

MultiFamily

Closing

Nov 22, 2021

AI

Located at 5230 N Wayne Ave in Chicago, this multifamily property was recently sold on November 22, 2021. The transaction was facilitated by Karl Vogel & Beth Babcock, who represented the seller and buyer respectively.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,100,000
  • Square Footage: 5,545 SF
  • Price per Square Foot: $198
  • Lot Size: 3,875 SF
  • Price per Lot Square Foot: $283

Beth Babcock Properties acted as the buyer's representative, while Karl Vogel Properties represented the seller. The property offers a total of 5,545 square feet and is situated on a 3,875 square foot lot. The sale price for this multifamily asset was set at $1,100,000, resulting in a price per square foot of $198 and a price per lot square foot of $283.

Players

Beth Babcock

At Properties Commercial

Broker

$1.1M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93