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7200 South Bennett Avenue

Robert Jacobson Of Lakeshore Property Investments Purchases Multifamily Asset In Chicago For $2.525M
SOLDMultiFamily

Robert Jacobson Of Lakeshore Property Investments Purchases Multifamily Asset In Chicago For $2.525M

7200 South Bennett Avenue

$2,525,000

$123/SF

Building Size

20,421 SF

Asset Type

MultiFamily

Closing

Dec 27, 2024

AI

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.

Players

Jack Stanton

Marcus & Millichap

Broker

$54.6M

vol

18 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.28%

Cash-on-Cash

-1.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93