Harry Perl's Goldberg And Perl Acquires Multifamily Property In Lakeview, Chicago For $1,367,300
SOLD
$1,367,300
Illinois
See Similar DealsMultiFamily3,720 SF
Sold 02/28/2022
SOLD
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
See Similar DealsMultiFamily3,720 SF
Sold 02/28/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$367
Total Square Footage:3,720 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,922.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,857.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,481.70
Annual Debt Service$77,780.39
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