David Pezzola Acquires Multifamily Portfolio In Kenwood, Chicago For $27M
4500 South Drexel Boulevard, Chicago, Illinois 60653, United States
$27,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 16, 2022
AI
A multifamily property located in Kenwood, Chicago has been sold in a closed transaction. The property includes multiple addresses: 4500 S. Drexel, 4737 S Ingleside, 4746 S. Ingleside, 811 E 46th, 4001 S. Ellis, and 4433 S. Greenwood. The sale was completed on December 16, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,000,000
- Units: 204
- Price Per Unit (PPU): $132,353
The buyer of the property is David Pezzola, while the sellers are Mendy Raskin and Jonathan Kranzler. The deal was facilitated by brokers Lucas Fryman, Ted Stratman, and Samuel (Sam) Gutierrez from Interra Realty.
Players
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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93