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Michael Ansusinha Purchases Multifamily Property In Chicago For $2.43M

Property Image
SOLD
$2,430,000
Joseph (Joe) Kahlhammer
Daniel Shabsin
+ 1

Illinois

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MultiFamily26,050 SF
Sold 05/14/2024
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Property Image
SOLD

Michael Ansusinha Purchases Multifamily Property In Chicago For $2.43M

2909 East 78th Street

See Similar Deals
MultiFamily26,050 SF
Sold 05/14/2024
Joseph (Joe) Kahlhammer
Daniel Shabsin
+ 1
Contact now

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.

Players

Joseph (Joe) Kahlhammer
8 deals$16.3M volume(815) 341-0049
BROKER

Robert Berman
Nara Realty Advisors
21 deals$36.8M volume(312) 610-1704
BROKER

Daniel Shabsin
7 deals$12.5M volume(312) 970-9870
BROKER

Jeremy DeMarco
Nara Realty Advisors
10 deals$25.5M volume(312) 890-2232
BROKER

Details

SOLD
IMAGE: Jeremy DeMarco, Robert Berman, Daniel Shabsin & Joe Kahlhammer DATE: 05/14/2024 ADDRESS: 2909 East 78th Street MARKET: Chicago ASSET TYPE: Multifamily BUYER: Michael Ansusinha SELLER: Hadar Goldman BROKER: Robert Berman, Daniel Shabsin, Jeremy DeMarco & Joe Kahlhammer - Essex Realty Group SALE PRICE: $2,430,000 UNITS: 31 ~ PPU: $78,387 SF: 26,050 ~ PPSF: $93

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Deal Type
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