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855 West George Street

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

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:

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

Christie's International Real Estate

Broker

$3.4M

vol

3 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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