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1128 West Diversey Parkway

Updated Dec 4, 2024

Bilt advertisement
Peter Vitogiannis Acquires Multifamily Asset At 1128 West Diversey Parkway For $1.64M
SOLDMultiFamily

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

About this deal

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

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $218 per square foot on a published $1.6M for 7,500 square feet (2024).

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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

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