Michael Ansusinha Purchases Multifamily Property In Chicago For $2.43M
SOLD
Illinois
See Similar DealsMultiFamily26,050 SF
Sold 05/14/2024
SOLD
Michael Ansusinha Purchases Multifamily Property In Chicago For $2.43M
2909 East 78th Street
See Similar DealsMultiFamily26,050 SF
Sold 05/14/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$93
Total Square Footage:26,050 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$129,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,633.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,519.44
Annual Debt Service$138,233.28
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