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8101 South Loomis Boulevard...

Jordan Bulkoski Acquires 16-Unit Multifamily Property In Chatham For $1.1M
SOLDMultiFamily

Jordan Bulkoski Acquires 16-Unit Multifamily Property In Chatham For $1.1M

8101 South Loomis Boulevard, Chicago, IL, USA

$1,100,000

$91/SF

Building Size

12,000 SF

Asset Type

MultiFamily

Closing

Dec 1, 2021

AI

The multifamily property located at 8101 S Loomis in Chatham has been sold in a closed transaction. The sale took place on 12/01/2021, with a sale price of $1,100,000. The property consists of 16 units, with a price per unit (PPU) of $68,750. The total square footage of the property is 12,000, with a price per square foot (PPSF) of $92.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 8101 S Loomis
  • Market: Chatham
  • Units: 16
  • Price per Unit (PPU): $68,750
  • Total Square Footage (SF): 12,000
  • Price per Square Foot (PPSF): $92

On the buyer's side, Jordan Bulkoski has acquired the property. Representing the buyer in the deal were Michael Scanlon and Jake Fugman from eXp Realty. The seller of the property is Kinga Korpacz, who was also the seller's representative from Exit Realty Redefined.

Players

Michael Scanlon

EXP Realty

Broker

$17.5M

vol

14 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93