Peter Vitogiannis Acquires Multifamily Asset At 1128 West Diversey Parkway For $1.64M
1128 West Diversey Parkway
$1,640,000
$218/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Oct 31, 2024
AI
The property asset involved in this transaction is a multifamily building located at 1128 West Diversey Parkway in the Chicago market. It was sold for $1,640,000, featuring 7 units with a price per unit of $234,285. The total square footage of the property is 7,500, leading to a price per square foot of $218.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,640,000
- Units: 7
- Price Per Unit: $234,285
- Square Footage: 7,500
- Price Per Square Foot: $218
- Buyer: Peter Vitogiannis
- Seller: Linda A. Tidwell, Successor Trustee of the Paul O. Tidwell Trust
- Brokers: Sheryl Fisher, Benjamin Miotti & James Hodur - Coldwell Banker
The key individuals in this transaction include the buyer, Peter Vitogiannis, and the seller, Linda A. Tidwell, who serves as the Successor Trustee of the Paul O. Tidwell Trust. The deal was facilitated by brokers Sheryl Fisher, Benjamin Miotti, and James Hodur from Coldwell Banker, representing the parties involved in this transaction.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.67%
Cash-on-Cash
-2.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93