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

Property Image
SOLD
$1,330,000
Grigory Pekarsky
Tyson Schutz
Ariel Bo Pang

Illinois

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MultiFamily
Sold
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SOLD

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

See Similar Deals
MultiFamily
Sold
Grigory Pekarsky
Tyson Schutz
Ariel Bo Pang
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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
Tyson Schutz
3 deals$3.6M volume
BROKER
Grigory Pekarsky
Vesta Preferred Realty
Grigory Pekarsky
8 deals$11.5M volume
BROKER
Ariel Bo Pang
The Apartment Source
Ariel Bo Pang
2 deals$2.4M volume(847) 902-3419
BROKER

Details

SOLD
IMAGE: Grigory Pekarsky & Tyson Schutz DATE: 12/15/2023 ADDRESS: 1217 West George Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Grigory Pekarsky (@Grigory_Pekarsky) - Vesta Preferred LLC (@VestaPreferredChicago) SELLER'S REP: Ariel Bo Pang (@ArielBoPang1) & Tyson Schutz - The Apartment Source (@ApartmentSource) SALE PRICE: $1,330,000 NOTE: In Chicago, the multifamily property at 1217 West George Street was sold for $1,330,000. The transaction involved Grigory Pekarsky as the buyer's representative and Ariel Bo Pang & Tyson Schutz of The Apartment Source as the seller's representatives.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$70,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,725.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,304.88
Annual Debt Service$75,658.54