Updated Sep 9, 2024
Chicago Multifamily Property On Winchester Ave Sold For $1.165M With Buyer's Rep Alexander Cohen & Seller's Rep D'aprile Properties
825 North Winchester Avenue
$1,165,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 30, 2023
About this deal
AI
This Chicago multifamily property on Winchester Avenue sold for $1,165,000, offering great value-add potential. Situated in a convenient location close to amenities and public transportation, it's suitable for both live-in owners and turnkey investors, featuring modern amenities and recent updates, including a new roof in 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- Lot Square Feet: 3,125
- Price per Square Foot: $373
- Address: 825 North Winchester Avenue, Chicago
- Buyer's Representative: Alexander Cohen - Compass
- Seller's Representative: D'aprile Properties - BeUrban Realty
Alexander Cohen from Compass represented the buyer in this transaction. D'aprile Properties, in collaboration with BeUrban Realty, served as the seller's representatives. With its excellent location and potential for value enhancement, this multifamily property attracted the interest of both owner-occupiers and savvy investors.
On the Map
$1,165,000
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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93