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Chicago Multifamily Property Sells For $1.6M With Buyer's Rep Robert Sikkel & Seller's Rep Nico Krajecki
SOLD
$1,615,000
Illinois
See Similar DealsMultiFamily
Sold 01/31/2024
SOLD
Chicago Multifamily Property Sells For $1.6M With Buyer's Rep Robert Sikkel & Seller's Rep Nico Krajecki
846 North Hoyne Avenue
See Similar DealsMultiFamily
Sold 01/31/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,737.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,655.92
Annual Debt Service$91,871.09
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