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2169 North Rockwell Street

Lucas Blahnik Properties Christie's International Real Estate Represents Buyer In $1.079M Sale Of Chicago Multifamily
SOLDMultiFamily

Lucas Blahnik Properties Christie's International Real Estate Represents Buyer In $1.079M Sale Of Chicago Multifamily

2169 North Rockwell Street

$1,079,000

Building Size

Asset Type

MultiFamily

Closing

Jul 30, 2024

AI

2169 North Rockwell Street in Chicago was sold for $1.079 million, presenting a three-flat building that consists of two 3-bedroom units and one 2-bedroom unit, in addition to a coach house. The property features a finished coach house with its own entrance, a gated parking pad, and an unfinished basement equipped with laundry facilities.

Summary of transaction details:

The transaction involved key individuals in the real estate sector, including Lucas Blahnik, representing the buyer, and Jamie Ficco, representing the seller. Both are affiliated with prominent real estate agencies, playing crucial roles in facilitating this deal in the competitive Chicago market.

Players

Lucas Blahnik

At Properties Commercial

Broker

$4.8M

vol

4 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.70%

Cash-on-Cash

-4.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93