Updated Dec 4, 2024
Roman Patzner Of Fulton Grace Realty Represents Buyer In $1.73M Multifamily Sale In Chicago
532 West Wrightwood Avenue
$1,730,000
Units
4
Asset Type
MultiFamily
Closing
Sep 27, 2024
About this deal
AI
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:
- Property Type: Multifamily
- Transaction Amount: $1,730,000
- Units: 4
- Price per Unit: $432,500
- Buyer's Representative: Roman Patzner - Fulton Grace Realty
- Seller's Representatives: Laura Topp & Rebecca Conant - Berkshire Hathaway HomeServices Chicago
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.
On the Map
$1,730,000
MultiFamily
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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
9.17%
Cash-on-Cash
-2.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93