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2228 West Lyndale Street

Brad Lippitz Represents Buyer In $1.25M Chicago Multifamily Sale
SOLDMultiFamily

Brad Lippitz Represents Buyer In $1.25M Chicago Multifamily Sale

2228 West Lyndale Street

$1,250,000

Building Size

Asset Type

MultiFamily

Closing

Apr 8, 2024

AI

The sale involved a multifamily property located at 2228 West Lyndale Street in Chicago, which was sold for $1,250,000. The property is a duplex with 3 bedrooms and 2.1 bathrooms, featuring modern amenities such as a designer kitchen with stainless steel appliances, quartz waterfall island, and a secret walk-in pantry.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Address: 2228 West Lyndale Street
  • Market: Chicago

Brad Lippitz from Compass represented the buyer in the transaction, while David Duncan and Rich Aronson from Berkshire Hathaway HomeServices Chicago represented the seller. The property at 2228 West Lyndale Street in Chicago was successfully sold with the buyer's agent, Brad Lippitz, ensuring a smooth transaction process.

Players

Brad Lippitz

Compass

Broker

$13.1M

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93