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911 North Mozart Street

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

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

John Weideman

Fulton Grace Realty

Broker

$2.4M

vol

2 deals

Broker

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