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Levav Properties Acquires Multifamily Asset From Beverly Commons In Chicago For $3.69M

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SOLD
$3,692,000

Illinois

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MultiFamily30,000 SF
Sold 10/01/2024
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SOLD

Levav Properties Acquires Multifamily Asset From Beverly Commons In Chicago For $3.69M

1518 West 99th Street

See Similar Deals
MultiFamily30,000 SF
Sold 10/01/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:30,000 SF
Transaction Type:Sale

This multifamily asset located at 1518 West 99th Street in Chicago features 32 units within a total square footage of 30,000. The property was sold for a transaction amount of $3,692,000, reflecting a price per unit of $115,375 and a price per square foot of $123.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,692,000
  • Buyer: Levav Properties
  • Seller: Beverly Commons
  • Broker: Jack Stanton - Marcus & Millichap
  • Units: 32
  • Square Feet: 30,000
  • Price Per Unit: $115,375
  • Price Per Square Foot: $123

The transaction involved Levav Properties as the buyer, purchasing the asset from Beverly Commons, with representation provided by broker Jack Stanton from Marcus & Millichap. The deal highlights the active multifamily property market in Chicago.

Players

Jack Stanton
18 deals$54.6M volume
BROKER

Details

SOLD
IMAGE: Jack Stanton DATE: 10/01/2024 ADDRESS: 1518 West 99th Street MARKET: Chicago ASSET TYPE: Multifamily BUYER: Levav Properties SELLER: Beverly Commons BROKER: Jack Stanton (@Jack.Stanton2) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,692,000 UNITS: 32 ~ PPU: $115,375 SF: 30,000 ~ PPSF: $123

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,116.89
Cash-on-Cash Return-1.27%
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