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Robert Jacobson Of Lakeshore Property Investments Purchases Multifamily Asset In Chicago For $5.86M

Property Image
SOLD
$5,860,000

Illinois

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MultiFamily126,804 SF
Sold 07/29/2024
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Property Image
SOLD

Robert Jacobson Of Lakeshore Property Investments Purchases Multifamily Asset In Chicago For $5.86M

7800 South Laflin Street & 7822 South Laflin Street

See Similar Deals
MultiFamily126,804 SF
Sold 07/29/2024
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$46
Total Square Footage:126,804 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 7800-7822 South Laflin Street in the Chicago market. The sale price was $5,860,000 for 100 units, resulting in a price per unit of $58,600. The total square footage of the property is 63,402, providing a price per square foot of $92.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,860,000
  • Buyer: Robert Jacobson - Lakeshore Property Investments
  • Seller: Alex Drosos
  • Broker: Aaron Sklar - Kiser Group
  • Units: 100
  • Square Footage: 63,402
  • Price Per Unit: $58,600
  • Price Per Square Foot: $92

This transaction features representation by Aaron Sklar from Kiser Group for the broker side of the deal. The buyer, Robert Jacobson, is affiliated with Lakeshore Property Investments, indicating a focused investment strategy in multifamily properties within the Chicago area.

Players

Aaron Sklar
Kiser Group
Aaron Sklar
66 deals$111.1M volume(312) 805-0902
BROKER

Details

SOLD
IMAGE: Aaron Sklar & Robert Jacobson DATE: 7/29/2024 ADDRESS: 7800-7822 South Laflin Street MARKET: Chicago ASSET TYPE: Multifamily BUYER: Robert Jacobson (@BobaJacobson) - Lakeshore Property Investments SELLER: Alex Drosos BROKER: Aaron Sklar (@ASklar88) - Kiser Group (@KiserGroup) SALE PRICE: $5,860,000 UNITS: 100 ~ PPU: $58,600 SF: 63,402 ~ PPSF: $92

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$312,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,819.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,779.39
Annual Debt Service$333,352.68