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750 West Bittersweet Place

Harry Perl Of Goldberg & Perl, Inc Represents Buyer In $1.5M Sale Of Multifamily In Chicago
SOLDMultiFamily

Harry Perl Of Goldberg & Perl, Inc Represents Buyer In $1.5M Sale Of Multifamily In Chicago

750 West Bittersweet Place

$1,500,000

Building Size

Asset Type

MultiFamily

Closing

Jul 22, 2024

AI

750 West Bittersweet Place is a three-unit multifamily building located in the Chicago market. The property was acquired for $1,500,000, equating to a price per unit of $500,000. It features spacious units and includes modern upgrades such as new baths and kitchens, hardwood floors, fireplaces, and outdoor spaces. The asset also offers attached parking for up to five cars and is situated near Lake Michigan and a golf course.

Summary of transaction details:

Harry Perl represented the buyer in this transaction, while Elizabeth Amidon acted as the seller's representative. The transaction highlights the involvement of key agencies within the Chicago real estate market, emphasizing the collaboration between Goldberg & Perl, Inc. and Jameson Sotheby's International Realty.

Players

Harry Perl

Broker

$4.7M

vol

3 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93