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Roman Patzner Of Fulton Grace Realty Represents Buyer In $1.73M Multifamily Sale In Chicago

Property Image
SOLD
$1,730,000
Laura Topp
Roman Patzner
Rebecca Conant

Illinois

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MultiFamily
Sold 09/27/2024
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Property Image
SOLD

Roman Patzner Of Fulton Grace Realty Represents Buyer In $1.73M Multifamily Sale In Chicago

532 West Wrightwood Avenue

See Similar Deals
MultiFamily
Sold 09/27/2024
Laura Topp
Roman Patzner
Rebecca Conant
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A 3-story, 4-unit brick and stone building located at 532 West Wrightwood Avenue sold in Chicago's Lincoln Park market for $1.73 million. The property consists of four units, resulting in a per-unit price of $432,500.

Summary of transaction details:

Roman Patzner from Fulton Grace Realty represented the buyer in this transaction, while the seller was represented by Laura Topp and Rebecca Conant from Berkshire Hathaway HomeServices Chicago.

Players

Laura Topp
Berkshire Hathaway HomeServices
Laura Topp
2 deals$2.8M volume
BROKER
Roman Patzner
Fulton Grace Realty
Roman Patzner
5 deals$6.8M volume(608) 345-6965
BROKER
Rebecca Conant
Berkshire Hathaway HomeServices
Rebecca Conant
1 deal$1.7M volume(603) 520-8829
BROKER

Details

SOLD
IMAGE: Laura Topp, Roman Patzner & Rebecca Conant DATE: 09/27/2024 ADDRESS: 532 West Wrightwood Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Roman Patzner (@RomanPatzner_realestate) - Fulton Grace Realty (@FultonGraceRealty) SELLER'S REP: Laura Topp & Rebecca Conant (@TOPPTeamChicago) - Berkshire Hathaway HomeServices Chicago (@BHHS_Chicago) SALE PRICE: $1,730,000 UNITS: 4 ~ PPU: $432,500 NOTE: A 3-story, 4-unit brick and stone building at 532 West Wrightwood Avenue in Chicago's Lincoln Park sold for $1.73 million. Roman Patzner of Fulton Grace Realty represented the buyer, while Laura Topp and Rebecca Conant of Berkshire Hathaway HomeServices Chicago represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$92,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,146.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,201.08
Annual Debt Service$98,412.99