Robert Jacobson Of Lakeshore Property Investments Acquires Multifamily Asset From Jimmy Oppenheimer For $2.7M In Chicago
7317 South East End Avenue
$2,700,000
$118/SF
Building Size
22,881 SF
Asset Type
MultiFamily
Closing
Jun 11, 2025
AI
The property asset involved in this transaction is a multifamily building located at 7317 South East End Avenue in Chicago. The sale price of the property was $2,700,000, encompassing a total square footage of 22,881, resulting in a price per square foot of $118.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 7317 South East End Avenue
- Market: Chicago
- Square Footage: 22,881
- Price Per Square Foot: $118
- Buyer: Robert Jacobson - Lakeshore Property Investments
- Seller: Jimmy Oppenheimer
- Broker: Aaron Sklar - Kiser Group
Key individuals in this transaction include Robert Jacobson, who represented Lakeshore Property Investments as the buyer, and Jimmy Oppenheimer, who was the seller. The broker facilitating the transaction was Aaron Sklar from Kiser Group, representing the parties in this closing deal.
Players
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93