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Bryan Eugenio Of @properties Christie's International Real Estate Represents Buyer In $1.275M Chicago Multifamily Sale

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SOLD
$1,275,000

Illinois

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MultiFamily
Sold 09/18/2024
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Property Image
SOLD

Bryan Eugenio Of @properties Christie's International Real Estate Represents Buyer In $1.275M Chicago Multifamily Sale

855 West George Street

See Similar Deals
MultiFamily
Sold 09/18/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A newer-built, 2-unit multifamily property located at 855 West George Street in Chicago's Lakeview area was sold for $1.275 million. The property features a 2-car garage and a 3-level rear deck, comprising two spacious units. One unit contains 4 bedrooms and 3.5 baths distributed across 3 levels, while the other is a 3-bedroom duplex that includes a private patio.

Summary of transaction details:

Both Bryan Eugenio and Ira Mizell were instrumental in this transaction, with Bryan representing the buyer and Ira along with Julian Taylor representing the seller. Their involvement highlights the collaboration between agents in facilitating real estate deals within the multifamily market.

Players

Bryan Eugenio
3 deals$3.4M volume(773) 294-0362
BROKER

Julian Taylor
Goldtree Realty
1 deal$1.3M volume(847) 679-4757
BROKER

Ira Mizell
Goldtree Realty
1 deal$1.3M volume(847) 674-4445
BROKER

Details

SOLD
IMAGE: Bryan Eugenio & Ira Mizell DATE: 09/18/2024 ADDRESS: 855 West George Street MARKET: Chicago ASSET TYPE: MultiFamily BUYER'S REP: Bryan Eugenio - @properties (@AtProperties) Christie's International Real Estate (@ChristiesRealEstate) SELLER'S REP: Ira Mizell & Julian Taylor - Goldtree Realty (@Goldtree_Realty) SALE PRICE: $1,275,000 UNITS: 2 ~ PPU: $637,500 NOTE: A newer-built, 2-unit multifamily property at 855 West George Street in Chicago's Lakeview area sold for $1.275 million, with a price per unit of $637,500. The property includes a 2-car garage, 3-level rear deck, and two spacious units—one offering 4 bedrooms and 3.5 baths across 3 levels, and the other a 3-bedroom duplex with private patio. Bryan Eugenio of @properties Christie's International Real Estate represented the buyer, while Ira Mizell and Julian Taylor of Goldtree Realty represented the seller.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
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