Updated Dec 4, 2024
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
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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93