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Compass Brokers Facilitate $1.2M Sale Of South Lakeview Multifamily In Chicago

Property Image
SOLD
$1,202,500
Deborah Hess
Christian Moisio
+ 1

Illinois

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MultiFamily
Sold 06/06/2024
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Property Image
SOLD

Compass Brokers Facilitate $1.2M Sale Of South Lakeview Multifamily In Chicago

2815 North Racine Avenue

See Similar Deals
MultiFamily
Sold 06/06/2024
Deborah Hess
Christian Moisio
+ 1
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

2815 North Racine Avenue in Chicago is a majestic three-story Greystone building, dating back to 1895, that recently sold for $1,202,500. The property offers meticulously maintained units with a mix of modern updates and historic charm. It is located in the vibrant South Lakeview neighborhood near Racine, Diversey, and Lincoln, providing a lucrative investment opportunity in the heart of the city.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,202,500
  • Address: 2815 North Racine Avenue
  • Market: Chicago

Compass brokers Christian Moisio, Deborah Hess, Timothy Sheahan, and Kevin Carey facilitated the transaction of 2815 North Racine Avenue. Their expertise contributed to the successful sale of this historical property, showcasing their commitment to delivering exceptional real estate services in the Chicago market.

Players

Timothy (Tim) Sheahan
10 deals$38.8M volume
BROKER

Deborah Hess
Compass
3 deals$3.8M volume(773) 865-3327
BROKER

Christian Moisio
Compass
2 deals$2.5M volume(773) 294-0414
BROKER

Kevin Carey
Compass
1 deal$1.2M volume(708) 218-2754
BROKER

Details

SOLD
IMAGE: Kevin Carey, Christian Moisio, Deborah Hess & Timothy Sheahan DATE: 06/06/2024 ADDRESS: 2815 North Racine Avenue MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Christian Moisio (@ChrisMoisio), Deborah Hess (@Deb_Hess_and_Partners), Kevin Carey (@Kevin._.Carey) & Timothy Sheahan - Compass (@Compass) SALE PRICE: $1,202,500 NOTE: 2815 North Racine Avenue in Chicago recently sold for $1,202,500, with Compass brokers Christian Moisio, Deborah Hess, Timothy Sheahan, and Kevin Carey facilitating the transaction. This majestic three-story Greystone, dating back to 1895, offers meticulously maintained units with a blend of modern updates and historic charm, located in the vibrant South Lakeview neighborhood near Racine, Diversey, and Lincoln, presenting a lucrative investment opportunity in the heart of the city.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,272.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,700.46
Annual Debt Service$68,405.56