Updated Dec 4, 2024
Chicago Multifamily Property Sells For $1.6M With Buyer's Rep Robert Sikkel & Seller's Rep Nico Krajecki
846 North Hoyne Avenue
$1,615,000
Units
6
Asset Type
MultiFamily
Closing
Jan 31, 2024
About this deal
AI
In Chicago's market, a multifamily property at 846 North Hoyne Avenue was sold for $1,615,000. The property consists of 6 units with a price per unit of $269,167. Robert Sikkel of @properties Christie's International Real Estate represented the buyer, while Nico Krajecki of TRITON Realty Group represented the seller in this transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,615,000
- Units: 6
- Price Per Unit: $269,167
- Buyer's Representative: Robert Sikkel - @properties Christie's International Real Estate
- Seller's Representative: Nico Krajecki - TRITON Realty Group
Robert Sikkel of @properties Christie's International Real Estate successfully represented the buyer in this transaction, while Nico Krajecki of TRITON Realty Group represented the seller. This sale demonstrates the strong performance of multifamily properties in Chicago's market.
On the Map
$1,615,000
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
9.82%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93