Joel Rapaport & Christine Coughlin Purchase Multifamily Property In Chicago For $1.2M
2625 North Whipple Street
$1,200,000
$263/SF
Building Size
4,557 SF
Asset Type
MultiFamily
Closing
Mar 29, 2024
AI
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.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93