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Chicago Multifamily Property On Winchester Ave Sold For $1.165M With Buyer's Rep Alexander Cohen & Seller's Rep D'aprile Properties

Property Image
SOLD
$1,165,000

Illinois

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MultiFamily
Sold 08/30/2023
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Property Image
SOLD

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

See Similar Deals
MultiFamily
Sold 08/30/2023
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Alexander Cohen
Compass
Alexander Cohen
2 deals$2.3M volume
BROKER

Details

SOLD
IMAGE: Alexander Cohen DATE: 08/30/2023 ADDRESS: 825 North Winchester Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Alexander Cohen (@AlexfCohen) - Compass (@compass) (@Compass.Chicago) SELLER'S REP: D'aprile Properties (@daprileproperties) - BeUrban Realty SALE PRICE: $1,165,000 LOT SF: 3,125 ~ PPLSF: $373 NOTE: 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.

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

$62,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,139.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,522.69
Annual Debt Service$66,272.33