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Ciric Realty Acquires Multifamily Property In Chicago For $1.26M

Property Image
SOLD
$1,260,000

Illinois

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MultiFamily4,800 SF
Sold 11/19/2021
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Property Image
SOLD

Ciric Realty Acquires Multifamily Property In Chicago For $1.26M

902 North Wolcott Avenue, Chicago, IL, USA

See Similar Deals
MultiFamily4,800 SF
Sold 11/19/2021
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$262
Total Square Footage:4,800 SF
Transaction Type:Sale

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

1 deal$1.3M volume
BROKER

Details

SOLD
IMAGE: David Labunski DATE: 11/19/2021 ADDRESS: 902 N Wolcott Ave MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Katarina Savic - Ciric Realty SELLER'S REP: David Labunski - Cedar Realty SALE PRICE: $1,260,000 SF: 4,800 ~ PPSF: $263 LOT SF: 3,049 ~ PPLSF: $413

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$67,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51