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Joel Rapaport & Christine Coughlin Purchase Multifamily Property In Chicago For $1.2M

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SOLD
$1,200,000

Illinois

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MultiFamily4,557 SF
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Property Image
SOLD

Joel Rapaport & Christine Coughlin Purchase Multifamily Property In Chicago For $1.2M

2625 North Whipple Street

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MultiFamily4,557 SF
Sold
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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.

Players

Daniel Spitz
8 deals$12.5M volume(773) 915-0619
BROKER

Details

SOLD
IMAGE: Daniel Spitz DATE: 03/29/2024 ADDRESS: 2625 North Whipple Street MARKET: Chicago ASSET TYPE: Multifamily BUYER: Joel Rapaport & Christine Coughlin SELLER: Steve Repasy & Marc Bertrand SELLER'S REP: Daniel Spitz (@DSpitz66) - EXP Realty (@ExpRealty_) SALE PRICE: $1,200,000 UNITS: 3 ~ PPU: $400,000 SF: 4,557 ~ PPSF: $263

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Deal Type
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