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
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