Robert Jacobson Acquires Multifamily Property In Chicago For $610,000
SOLD
$610,000
Illinois
See Similar DealsMultiFamily6,000 SF
Sold 05/01/2024
SOLD
Robert Jacobson Acquires Multifamily Property In Chicago For $610,000
8701 South Clyde Avenue
See Similar DealsMultiFamily6,000 SF
Sold 05/01/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$101
Total Square Footage:6,000 SF
Transaction Type:Sale
The multifamily property located at 8701 South Clyde Avenue in Chicago was sold in a transaction on May 1, 2024. The property consists of 9 units with a total square footage of 6,000. The sale price for this asset was $610,000, translating to a price per unit of $67,778 and a price per square foot of $102.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $610,000
- Buyer: Robert Jacobson - Lakeshore Property Investments LLC
- Seller: Matt Janko - FTS Ventures
- Broker: Max Grossman - Interra Realty
The buyer of the property, Robert Jacobson, represented Lakeshore Property Investments LLC in the transaction. The seller, Matt Janko, was the representative of FTS Ventures, and the deal was facilitated by the broker, Max Grossman, from Interra Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$32,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,167.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,891.71
Annual Debt Service$34,700.53
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