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8501 West Catalpa Avenue

Updated Dec 4, 2024

Oskar Wiatr Of Hometown Real Estate Represents Buyer In $1.03M Chicago Multifamily Sale
SOLDMultiFamily

Oskar Wiatr Of Hometown Real Estate Represents Buyer In $1.03M Chicago Multifamily Sale

8501 West Catalpa Avenue

$1,030,000

Units

6

Asset Type

MultiFamily

Closing

May 10, 2024

About this deal

AI

The property at 8501 West Catalpa Avenue in Chicago was sold for $1,030,000. It is a six-unit building featuring spacious 2-bedroom, 1-bath apartments. The property includes designated parking spaces, a three-car garage, granite countertops, on-site washer and dryer, and a recreational room in the partially finished basement. The location offers great income potential and is conveniently situated near major highways, O'Hare airport, and downtown Chicago.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,030,000
  • Units: 6
  • Price Per Unit: $171,667
  • Address: 8501 West Catalpa Avenue
  • Market: Chicago

Oskar Wiatr from Hometown Real Estate represented the buyer in this transaction, while James Zalewski from Keller Williams Success Realty represented the seller.

Players

James Zalewski

Keller Williams Realty

Broker

$1M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $171.7K per unit across 6 units on a published $1M (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.40%

Cash-on-Cash

-4.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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