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
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