Joel Rapaport & Christine Coughlin Purchase Multifamily Property In Chicago For $1.2M
SOLD
$1,200,000
Illinois
See Similar DealsMultiFamily4,557 SF
Sold
SOLD
Joel Rapaport & Christine Coughlin Purchase Multifamily Property In Chicago For $1.2M
2625 North Whipple Street
See Similar DealsMultiFamily4,557 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$263
Total Square Footage:4,557 SF
Transaction Type:Sale
The multifamily property located at 2625 North Whipple Street in Chicago has been sold for $1,200,000. This property consists of 3 units with a total square footage of 4,557, resulting in a price per unit of $400,000 and a price per square foot of $263.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 3
- Square Footage: 4,557
- Price Per Unit: $400,000
- Price Per Square Foot: $263
- Address: 2625 North Whipple Street, Chicago
The buyers of this multifamily property are Joel Rapaport & Christine Coughlin, while the sellers are Steve Repasy & Marc Bertrand. Representing the sellers in this transaction was Daniel Spitz from EXP Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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