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1217 West George Street

Chicago Multifamily Property Sells For $1.33M With Buyer's Rep Grigory Pekarsky & Seller's Rep Ariel Bo Pang & Tyson Schutz
SOLDMultiFamily

Chicago Multifamily Property Sells For $1.33M With Buyer's Rep Grigory Pekarsky & Seller's Rep Ariel Bo Pang & Tyson Schutz

1217 West George Street

$1,330,000

Building Size

Asset Type

MultiFamily

Closing

Dec 15, 2023

AI

In Chicago, a multifamily property located at 1217 West George Street was sold for $1,330,000. The transaction involved Grigory Pekarsky from Vesta Preferred LLC as the buyer's representative and Ariel Bo Pang & Tyson Schutz from The Apartment Source as the seller's representatives.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,330,000
  • Address: 1217 West George Street, Chicago

Grigory Pekarsky of Vesta Preferred LLC represented the buyer in the deal, while Ariel Bo Pang and Tyson Schutz from The Apartment Source represented the sellers. The sale of this multifamily property demonstrates the involvement of various professionals in the real estate transaction in Chicago.

Players

Tyson Schutz

The Apartment Source

Broker

$3.6M

vol

3 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.93%

Cash-on-Cash

-3.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93