Engel & Völkers Chicago Acquires SFR In Chicago For $2.8M
1723 West Wabansia Avenue, Chicago, IL 60622
$2,825,000
$638/SF
Building Size
4,428 SF
Asset Type
Single Family Residence
Closing
Oct 8, 2020
AI
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.
Players
Chicago Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93