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Sarah Robins Of Rothman Real Estate Acquires $2.9M Multifamily Property In Chicago

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SOLD
$2,985,000

Illinois

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MultiFamily
Sold 06/08/2023
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Property Image
SOLD

Sarah Robins Of Rothman Real Estate Acquires $2.9M Multifamily Property In Chicago

1624 W Blackhawk St Chicago, IL 60622, USA

See Similar Deals
MultiFamily
Sold 06/08/2023
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A newly constructed luxury building in Chicago's Wicker Park neighborhood has been sold in a closed transaction. Located at 1624 West Blackhawk Street, the property is a multifamily asset offering four fully furnished units. The building boasts high-end amenities, making it ideal for short-term rentals or personal residence. The sale price for this property was $2,985,000, with each unit priced at $746,250.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,985,000
  • Units: 4
  • Price per Unit: $746,250

Sarah Robins, representing Rothman Real Estate, served as the buyer's representative in this transaction. Aleksandar Djuric, from Worth Clark Realty, acted as the seller's representative.

Players

Sarah Robins
2 deals$5.6M volume(630) 886-0165
BROKER

Aleksandar Djuric
1 deal$3M volume(314) 222-0065
BROKER

Details

SOLD
IMAGE: Sarah Robins DATE: 06/08/2023 ADDRESS: 1624 West Blackhawk Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Sarah Robins (@SarahSellsChicago)- Rothman Real Estate (@Rothman_Real_Estate) SELLER'S REP: Aleksandar Djuric - Worth Clark Realty (@WorthClarkRealty) SALE PRICE: $2,985,000 UNITS: 4 ~ PPU: $746,250 NOTE: Newly constructed luxury building in Chicago's Wicker Park neighborhood offers four fully furnished units with high-end amenities for short-term rentals or personal residence.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$10,605.08
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