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825 North Winchester Avenue

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

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

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.

Players

Alexander Cohen

Compass

Broker

$2.3M

vol

2 deals

Broker

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