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Christopher Sweitzer Of Dream Town Real Estate Represents Buyer In $1.2M Chicago Multifamily Sale

Property Image
SOLD
$1,200,000
Landon Harper
Christopher Sweitzer

Illinois

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MultiFamily
Sold 08/20/2024
the dealplayerscompscontact
Property Image
SOLD

Christopher Sweitzer Of Dream Town Real Estate Represents Buyer In $1.2M Chicago Multifamily Sale

2021 West Shakespeare Avenue

See Similar Deals
MultiFamily
Sold 08/20/2024
Landon Harper
Christopher Sweitzer
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A five-unit multifamily building located at 2021 West Shakespeare Avenue in Chicago's Bucktown market sold for $1.2 million, which equates to $240,000 per unit. This property was notably available for the first time in 30 years and sits on an extra-wide lot. It features potential expansion opportunities along with a two-story coach-house that contains updated one-bedroom units.

Summary of transaction details:

The transaction highlights key representatives in the real estate industry. Christopher Sweitzer represented the buyer while Landon Harper represented the seller, facilitating the deal for the multifamily property in Chicago.

Players

Landon Harper
@Properties Christie's International Real Estate
Landon Harper
2 deals$2.6M volume(312) 617-6070
BROKER
Christopher Sweitzer
Dream Town Real Estate
Christopher Sweitzer
1 deal$1.2M volume(847) 828-3534
BROKER

Details

SOLD
IMAGE: Landon Harper & Christopher Sweitzer DATE: 08/20/2024 ADDRESS: 2021 West Shakespeare Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Christopher Sweitzer (@ChrisSweitze_re) - Dream Town Real Estate (@DreamTownChicago) SELLER'S REP: Landon Harper - @Properties (@AtProperties) Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $1,200,000 UNITS: 5 ~ PPU: $240,000 NOTE: A five-unit multifamily building in Chicago's Bucktown sold for $1.2 million, or $240,000 per unit, marking its first time on the market in 30 years. The property, located on an extra-wide lot, includes potential expansion opportunities and a two-story coach-house with updated one-bedroom units.

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

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35