Ciric Realty Acquires Multifamily Property In Chicago For $1.26M
902 North Wolcott Avenue, Chicago, IL, USA
$1,260,000
$262/SF
Building Size
4,800 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
AI
Located at 902 N Wolcott Ave in Chicago, this multifamily property was recently sold for $1,260,000. The property spans across 4,800 square feet, resulting in a price per square foot of $263. The lot size is 3,049 square feet, with a price per lot square foot of $413. The transaction took place on November 19, 2021. The buyer was represented by Katarina Savic from Ciric Realty, while the seller was represented by David Labunski from Cedar Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Date: 11/19/2021
- Address: 902 N Wolcott Ave
- Market: Chicago
- Square Footage: 4,800
- Price per Square Foot: $263
- Lot Size: 3,049
- Price per Lot Square Foot: $413
- Buyer's Representative: Katarina Savic - Ciric Realty
- Seller's Representative: David Labunski - Cedar Realty
With the assistance of Katarina Savic from Ciric Realty and David Labunski from Cedar Realty, the buyer and the seller successfully completed the transaction for this multifamily property. The deal reflects a price of $263 per square foot, indicating the value of the property in the market. The buyer's representative, Katarina Savic, and the seller's representative, David Labunski, played crucial roles in facilitating the transaction and ensuring a smooth process for their respective clients.
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
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93