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:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 3
- Price Per Unit: $500,000
- Buyer's Representative: Harry Perl - Goldberg & Perl, Inc
- Seller's Representative: Elizabeth Amidon - Jameson Sotheby's International Realty
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
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