Engel & Völkers Chicago Acquires SFR In Chicago For $2.8M
SOLD
$2,825,000
Illinois
See Similar DealsSingle Family Residence4,428 SF
Sold 10/09/2020
SOLD
Engel & Völkers Chicago Acquires SFR In Chicago For $2.8M
1723 West Wabansia Avenue, Chicago, IL 60622
See Similar DealsSingle Family Residence4,428 SF
Sold 10/09/2020
Summary
ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$638
Total Square Footage:4,428 SF
Transaction Type:Sale
Located in Chicago, the property at 1723 W. Wabansia Avenue recently changed hands in a closed transaction. The single-family residence spans 4,428 square feet, offering ample space for its new owners. The property was sold for a price of $2,825,000, resulting in a price per square foot of $638.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,825,000
- Address: 1723 W. Wabansia Avenue, Chicago
- Market: Chicago
- Buyer's Representative: Jennifer Ames - Engel & Völkers Chicago
- Seller's Representative: Ryan Preuett - Jameson Sotheby's International Realty
In this deal, Jennifer Ames of Engel & Völkers Chicago represented the buyer, while Ryan Preuett of Jameson Sotheby's International Realty represented the seller. This transaction showcases the expertise and representation provided by these respected agencies in the Chicago market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$150,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,036.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,391.94
Annual Debt Service$160,703.29
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