Bryan Eugenio Of @properties Christie's International Real Estate Represents Buyer In $1.275M Chicago Multifamily Sale
855 West George Street
$1,275,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 18, 2024
AI
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:
- Property Type: MultiFamily
- Transaction Amount: $1,275,000
- Units: 2
- Price Per Unit: $637,500
- Buyer's Representative: Bryan Eugenio - @properties Christie's International Real Estate
- Seller's Representatives: Ira Mizell & Julian Taylor - Goldtree Realty
- Date of Sale: 09/18/2024
- Market: Chicago
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
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93