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

Property Image
SOLD
$1,030,000
James Zalewski
Oskar Wiatr

Illinois

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MultiFamily
Sold 05/10/2024
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Property Image
SOLD

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

8501 West Catalpa Avenue

See Similar Deals
MultiFamily
Sold 05/10/2024
James Zalewski
Oskar Wiatr
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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
James Zalewski
1 deal$1M volume(630) 457-8261
BROKER
Oskar Wiatr
Hometown Real Estate
Oskar Wiatr
1 deal$1M volume(224) 219-0093
BROKER

Details

SOLD
IMAGE: Oskar Wiatr DATE: 05/10/2024 ADDRESS: 8501 West Catalpa Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Oskar Wiatr (@Oskar_Wiatr) - Hometown Real Estate SELLER'S REP: James Zalewski - Keller Williams Success Realty (@KW_SuccessRealty) SALE PRICE: $1,030,000 UNITS: 6 ~ PPU: $171,667 NOTE: 8501 West Catalpa Avenue in Chicago sold for $1,030,000, featuring a white brick and stone six-unit building with spacious 2-bedroom, 1-bath apartments, designated parking spaces, and a three-car garage. With amenities like granite countertops, on-site washer and dryer, and a recreational room in the partially finished basement, it presents a great income potential in a fantastic location, close to major highways, O'Hare airport, and downtown Chicago.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,659.37
Cash-on-Cash Return-1.27%
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