Jim Belushi Acquires Co-Op In Gold Coast, Chicago For $1.93M With Reps Emily Sachs Wong & Jeff Lowe
Gold Coast, Chicago, Illinois, United States
$1,930,000
Building Size
—
Asset Type
Co-Op
Closing
Feb 3, 2022
AI
The recently closed property transaction in Chicago's Gold Coast neighborhood involved the sale of a Co-Op unit. The sale took place on March 2, 2022, and the property was purchased for $1,930,000.
Summary of transaction details
- Property Type: Co-Op
- Transaction Amount: $1,930,000
Leading the transaction was Emily Sachs Wong of Emily Sachs Wong Properties, who represented the buyer, Jim Belushi. On the other side, Jeff Lowe of Compass served as the seller's representative.
Jim Belushi, a well-known actor and comedian, made the purchase through the guidance of Emily Sachs Wong. The transaction demonstrates the active real estate market in the sought-after Gold Coast area.
Players
Chicago Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.22%
Cash-on-Cash
-2.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93