Updated Dec 21, 2023
Velibor Popovic Acquires Multifamily Property In Chicago For $1.2M
8631 West Foster Avenue, Chicago, IL, USA
$1,200,000
$122/SF
Building Size
9,768 SF
Asset Type
MultiFamily
Closing
Aug 18, 2021
About this deal
AI
Located at 8631 1/2 W Foster Ave in Chicago, this multifamily property was recently sold for a total price of $1,200,000. The sale took place on August 18, 2021. The property spans a total area of 9,768 square feet, resulting in a price per square foot of $123. The lot size is 3,182 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Market: Chicago
- Buyer's Representative: Velibor Popovic - Enterprise Realty Brokers Inc
- Seller's Representative: Bryce Fuller - The Fuller Force - Baird & Warner
The buyer was represented by Velibor Popovic from Enterprise Realty Brokers Inc, while Bryce Fuller from The Fuller Force - Baird & Warner acted as the seller's representative. These individuals played a crucial role in facilitating the transaction and ensuring a successful deal for both parties involved.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93