Robert Jacobson Acquires Multifamily Property In Chicago From Noah Birk
SOLD
$2,200,000
Illinois
See Similar DealsMultiFamily25,000 SF
Sold 10/27/2023
SOLD
Robert Jacobson Acquires Multifamily Property In Chicago From Noah Birk
11027 South Doctor Martin Luther King Jr Drive
See Similar DealsMultiFamily25,000 SF
Sold 10/27/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$88
Total Square Footage:25,000 SF
Transaction Type:Sale
The multifamily property located at 11027 South Doctor Martin Luther King Jr Drive in Chicago has been sold in a transaction. The property spans across 25,000 square feet and consists of 27 units. The sale price for this property was $2,200,000, resulting in a price per unit of $81,481. The price per square foot is calculated to be $88.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 11027 South Doctor Martin Luther King Jr Drive, Chicago
- Market: Chicago
The buyer in this transaction is Robert Jacobson, while Noah Birk acted as the seller. Aaron Sklar from Kiser Group represented both parties as the broker.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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