Michael Ansusinha Purchases Multifamily Property In Chicago For $2.43M
2909 East 78th Street
$2,430,000
$93/SF
Building Size
26,050 SF
Asset Type
MultiFamily
Closing
May 14, 2024
AI
The multifamily property located at 2909 East 78th Street in Chicago was sold at a price of $2,430,000. The asset comprises 31 units spanning 26,050 square feet, translating to a price per unit of $78,387 and a price per square foot of $93.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,430,000
- Units: 31
- Price per Unit: $78,387
- Square Footage: 26,050
- Price per Square Foot: $93
- Address: 2909 East 78th Street, Chicago
Michael Ansusinha acquired the property from Hadar Goldman. The transaction was facilitated by the brokerage team consisting of Robert Berman, Daniel Shabsin, Jeremy DeMarco, and Joe Kahlhammer from Essex Realty Group.
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
6.53%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93