BSG Properties, LLC Acquires Chicago Multifamily For $3.7M With Buyer's Rep Matt Fritzshall
SOLD
$3,700,000
Illinois
See Similar DealsMultiFamily14,400 SF
Sold 12/20/2023
SOLD
BSG Properties, LLC Acquires Chicago Multifamily For $3.7M With Buyer's Rep Matt Fritzshall
2129 North Campbell Avenue
See Similar DealsMultiFamily14,400 SF
Sold 12/20/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:14,400 SF
Transaction Type:Sale
The multifamily property located at 2129 North Campbell in Chicago has been sold for a total price of $3,700,000. The property consists of 9 units, with a price per unit of $411,111. The total square footage of the property is 14,400, resulting in a price per square foot of $257.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Units: 9
- Price per Unit: $411,111
- Square Footage: 14,400
- Price per Square Foot: $257
- Address: 2129 North Campbell, Chicago
The buyer of the property is BSG Properties, LLC, represented by Noah Birk, Aaron Sklar, and Dan Gonzalez. The seller is Gabe Horstick. The buyer's representative in the deal is Matt Fritzshall, while Gabe Horstick represents himself as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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