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.
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