Lakeshore Property Investments Acquires Multifamily Asset In Chicago From Goldman Investments For $1.625M
SOLD
$1,625,000
Illinois
See Similar DealsMultiFamily20,000 SF
Sold 12/27/2024
SOLD
Lakeshore Property Investments Acquires Multifamily Asset In Chicago From Goldman Investments For $1.625M
7425 South Yates Boulevard
See Similar DealsMultiFamily20,000 SF
Sold 12/27/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$81
Total Square Footage:20,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 7425 South Yates Boulevard in the Chicago market. This asset has a sale price of $1,625,000 and comprises approximately 20,000 square feet, resulting in a price per square foot of $81.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Sale Price: $1,625,000
- Square Feet: 20,000
- Price per Square Foot: $81
- Buyer: Lakeshore Property Investments
- Seller: Goldman Investments
- Broker: Jack Stanton - Marcus & Millichap
- Transaction Date: 12/27/2024
- Address: 7425 South Yates Boulevard, Chicago
The deal involved Lakeshore Property Investments as the buyer and Goldman Investments as the seller. Jack Stanton from Marcus & Millichap represented the broker in this transaction, facilitating the process for both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,773.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,703.33
Annual Debt Service$92,439.95
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