Updated Dec 20, 2023
Interra Realty Brokers $5M Acquisition Of Multifamily Property In Chicago
7363-83 N Winchester Ave, Chicago, IL, USA
$5,025,000
$142/SF
Building Size
35,260 SF
Asset Type
MultiFamily
Closing
Jul 21, 2020
About this deal
AI
The multifamily property located at 7363-83 N. Winchester Ave in Chicago has been sold for a total price of $5,025,000. The transaction took place on 07/21/2021 and was facilitated by Joe Smazal from Interra Realty. This property consists of 40 units, resulting in a per unit price of $125,625.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,025,000
- Address: 7363-83 N. Winchester Ave, Chicago
- Market: Chicago
- Brokers: Joe Smazal - Interra Realty
- Units: 40
- Price per Unit: $125,625
This transaction showcases the successful collaboration between the buyer and seller, with Joe Smazal from Interra Realty representing both parties. The sale of this multifamily property highlights the robust real estate market in Chicago and underscores the strong demand for this type of asset in the area.
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
3.16%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93