Grigory Pekarsky & Joseph Root Acquire Multifamily Property In Chicago For $2.53M
SOLD
$2,530,000
Illinois
See Similar DealsMultiFamily7,954 SF
Sold
SOLD
Grigory Pekarsky & Joseph Root Acquire Multifamily Property In Chicago For $2.53M
3849 N Southport Ave, Chicago, IL, USA
See Similar DealsMultiFamily7,954 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$318
Total Square Footage:7954 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$134,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,988.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,993.49
Annual Debt Service$143,921.89
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