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2625 North Whipple Street

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

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.

Players

Daniel Spitz

Captivate Real Estate Group

Broker

$13.7M

vol

9 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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