Michael Carey & John Weideman Facilitate $1.05M Sale Of Chicago Multifamily
911 North Mozart Street
$1,050,000
Building Size
—
Asset Type
MultiFamily
Closing
May 30, 2024
AI
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
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93