Updated Sep 5, 2024
Grigory Pekarsky & Joseph Root Acquire Multifamily Property In Chicago For $2.53M
3849 N Southport Ave, Chicago, IL, USA
$2,530,000
$318/SF
Building Size
7,954 SF
Asset Type
MultiFamily
Closing
Jun 3, 2021
About this deal
AI
The multifamily property located at 3849 N Southport Ave in Chicago has been sold for a price of $2,530,000. The transaction took place on 06/04/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,530,000
- Address: 3849 N Southport Ave, Chicago
- Market: Chicago
The buyer's representative in this deal was Grigory Pekarsky from Vesta Preferred LLC. On the other hand, Joseph Root and Ayebitorofa Itima from Root Realty, Inc. served as the seller's representatives.
The multifamily sale at 3849 N Southport Ave, Chicago, IL, USA in Chicago, Illinois sold for $2.5M in 2021. The building is 7,954 square feet, implying about 318 per square foot on the published price. Joseph Root, Grigory Pekarsky, Ayebitorofa Itima, Root Realty appear on the sale alongside Root Realty, Vesta Preferred Realty. This page is the Chicago, Illinois file for the 3849 N Southport Ave, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 3849 N Southport Ave, Chicago, IL, USA around 2021. Published consideration for 3849 N Southport Ave, Chicago, IL, USA is $2.5M, dated 2021. Cite this Grigory Pekarsky & Joseph Root Acquire Multifamily Property In Chicago For $2.53M sale when underwriting similar multifamily product around Chicago, Illinois.
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Chicago MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.27%
Cash-on-Cash
-1.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93