Jim Belushi Acquires Co-Op In Gold Coast, Chicago For $1.93M With Reps Emily Sachs Wong & Jeff Lowe
SOLD
$1,930,000
Illinois
See Similar DealsCo-Op
Sold 02/03/2022
SOLD
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
See Similar DealsCo-Op
Sold 02/03/2022
Summary
ILLINOIS
Asset Type:Co-Op
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,856.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,149.18
Annual Debt Service$109,790.22
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