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:
- Property Type: Multifamily
- Transaction Amount: $1,079,000
- Units: 3
- Price Per Unit: $359,667
- Buyer's Representative: Lucas Blahnik - Christie's International Real Estate
- Seller's Representative: Jamie Ficco - Jameson Sotheby's International Realty
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
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