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3715 North Lakewood Avenue,...

Harry Perl's Goldberg And Perl Acquires Multifamily Property In Lakeview, Chicago For $1,367,300
SOLDMultiFamily

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

Linda Christon

Broker

$2.3M

vol

2 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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