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Michael Carey & John Weideman Facilitate $1.05M Sale Of Chicago Multifamily

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SOLD
$1,050,000

Illinois

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MultiFamily
Sold 05/30/2024
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Property Image
SOLD

Michael Carey & John Weideman Facilitate $1.05M Sale Of Chicago Multifamily

911 North Mozart Street

See Similar Deals
MultiFamily
Sold 05/30/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

911 North Mozart Street is a multifamily property located in Chicago, featuring a tastefully renovated duplex-up owner's unit with vintage character and modern comforts. This property also includes two additional easy-to-rent units, offering a lucrative investment opportunity in the vibrant "far West Town" neighborhood near California Ave. The property was recently sold for $1,050,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Address: 911 North Mozart Street
  • Market: Chicago

Michael Carey from Sotheby's International Realty - Greenwich Brokerage represented the buyer in the transaction, while John Weideman from Fulton Grace Realty represented the seller. This successful deal showcases the expertise and professionalism of these key individuals and their respective real estate agencies in facilitating the sale of the multifamily property.

Players

John Weideman
2 deals$2.4M volume(312) 885-0321
BROKER

Michael Carey
Sotheby's International Realty
1 deal$1.1M volume(203) 645-0201
BROKER

Details

SOLD
IMAGE: Michael Carey & John Weideman DATE: 05/30/2024 ADDRESS: 911 North Mozart Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Michael Carey (@MichaelCareyHomes) - Sotheby's International Realty - Greenwich Brokerage SELLER'S REP: John Weideman - Fulton Grace Realty (@FultonGraceRealty) SALE PRICE: $1,050,000 NOTE: 911 North Mozart Street, a multifamily property in Chicago, was sold for $1,050,000 with Michael Carey from Jameson Sotheby's International Realty representing the buyer and John Weideman from Fulton Grace Realty representing the seller. This property features a tastefully renovated duplex-up owner's unit with vintage character and modern comforts, alongside two additional easy-to-rent units, offering a lucrative investment opportunity in the vibrant "far West Town" neighborhood near California Ave. Sotheby's International Realty - Greenwich Brokerage

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

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43