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902 North Wolcott Avenue, C...

Ciric Realty Acquires Multifamily Property In Chicago For $1.26M
SOLDMultiFamily

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

Katarina Savic

Broker

$1.3M

vol

1 deal

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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