Robert Jacobson Of Lakeshore Property Investments Purchases Multifamily Asset In Chicago For $2.525M
SOLD
$2,525,000
Illinois
See Similar DealsMultiFamily20,421 SF
Sold 12/27/2024
SOLD
Robert Jacobson Of Lakeshore Property Investments Purchases Multifamily Asset In Chicago For $2.525M
7200 South Bennett Avenue
See Similar DealsMultiFamily20,421 SF
Sold 12/27/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:20,421 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 7200 South Bennett Avenue in Chicago and consists of a multifamily building featuring 28 units. The sale price for the property was $2,525,000, and it has a total square footage of 20,421, resulting in a price per unit of $90,178 and a price per square foot of $123.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,525,000
- Units: 28
- Square Footage: 20,421
- Price Per Unit: $90,178
- Price Per Square Foot: $123
- Buyer: Robert Jacobson - Lakeshore Property Investments
- Seller: Hadar Goldman
- Broker: Jack Stanton - Marcus & Millichap
The transaction was facilitated by Jack Stanton from Marcus & Millichap, representing the seller in this deal. Robert Jacobson is associated with Lakeshore Property Investments, which acquired the multifamily property from Hadar Goldman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$134,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,970.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,969.79
Annual Debt Service$143,637.46
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