Harry Perl's Goldberg And Perl Acquires Multifamily Property In Lakeview, Chicago For $1,367,300
3715 North Lakewood Avenue, Chicago, Illinois 60613, United States
$1,367,300
$367/SF
Building Size
3,720 SF
Asset Type
MultiFamily
Closing
Feb 27, 2022
AI
A multifamily property located at 3715 N. Lakewood Ave in Lakeview, Chicago has been sold in a recent transaction. The property consists of 3 units with a total square footage of 3,720. The sale price was recorded at $1,367,300, slightly exceeding the asking price of $1,300,000. This translates to an average price per unit of $455,767 and a price per square foot of $368.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,367,300
- Address: 3715 N. Lakewood Ave
- Market: Lakeview, Chicago
The buyer in this transaction is Harry Perl from Goldberg and Perl. The seller is Chicago Guest House. The deal was facilitated by brokers Linda Christon and Loreal Urso, who represent D'Aprile Properties.
It is worth noting that the sale closed over the list price, indicating high demand in the Lakeview market. Multiple offers were received, further demonstrating the desirability of this property.
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
11.60%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93