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2847 West Shakespeare Avenue

John Vodopic & Berkshire Hathaway HomeServices Sell Multifamily Property In Chicago For $1.22M
SOLDMultiFamily

John Vodopic & Berkshire Hathaway HomeServices Sell Multifamily Property In Chicago For $1.22M

2847 West Shakespeare Avenue

$1,220,000

Building Size

Asset Type

MultiFamily

Closing

Jun 3, 2024

AI

2847 West Shakespeare Avenue, a beautifully restored Graystone 4-flat in Logan Square, Chicago, was sold for $1,220,000. Represented by John Vodopic of Coldwell Banker and Arianna Esper & Danielle Dowell of Berkshire Hathaway HomeServices Chicago, the property features vintage Victorian charm blended with modern finishes, offering four units with income potential from rentals or Airbnb in a prime location near public transportation and amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,220,000
  • Units: 4
  • Price Per Unit: $305,000
  • Address: 2847 West Shakespeare Avenue
  • Market: Chicago

John Vodopic from Coldwell Banker represented the buyer in the transaction, while Arianna Esper and Danielle Dowell from Berkshire Hathaway HomeServices Chicago represented the seller. The property, offering a blend of vintage Victorian charm and modern finishes, presents a lucrative opportunity for income through rentals or Airbnb due to its prime location near public transportation and amenities.

Players

John Vodopic

Coldwell Banker

Broker

$2.4M

vol

2 deals

Broker

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

13.00%

Cash-on-Cash

-3.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93