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8-Unit Multifamily Property In Chicago Sold For $3.58M With Buyer's Rep Jake Fugman & Seller's Rep Thomas Jakacki And Timothy Sheahan

Property Image
SOLD
$3,580,000
Jake Fugman
Timothy (Tim) Sheahan
Thomas (Tom) Jakacki

Illinois

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MultiFamily
Sold 11/28/2023
the dealplayerscompscontact
Property Image
SOLD

8-Unit Multifamily Property In Chicago Sold For $3.58M With Buyer's Rep Jake Fugman & Seller's Rep Thomas Jakacki And Timothy Sheahan

963 West Montana Street

See Similar Deals
MultiFamily
Sold 11/28/2023
Jake Fugman
Timothy (Tim) Sheahan
Thomas (Tom) Jakacki
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

963 West Montana Street in Chicago, an 8-unit multifamily property, was sold for $3,580,000. The per unit price was $447,500.

Summary of transaction details

Jake Fugman from EXP Realty represented the buyer, while Thomas Jakacki & Timothy Sheahan from Compass represented the seller in this transaction.

Players

Timothy (Tim) Sheahan
Compass
Timothy Sheahan
10 deals$38.8M volume
BROKER
Jake Fugman
EXP Realty
Jake Fugman
11 deals$15.2M volume(630) 379-7464
BROKER
Thomas (Tom) Jakacki
Compass
Thomas Jakacki
2 deals$4.8M volume(248) 880-4200
BROKER

Details

SOLD
IMAGE: Jake Fugman, Timothy Sheahan & Thomas Jakacki DATE: 11/28/2023 ADDRESS: 963 West Montana Street MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Jake Fugman (@JFugman) - EXP Realty (@ExpRealty_) SELLER'S REP: Thomas Jakacki (@TomJakacki) & Timothy Sheahan (@TheSheahanGroup) - Compass (@Compass) SALE PRICE: $3,580,000 UNITS: 8 ~ PPU: $447,500 NOTE: 963 West Montana Street in Chicago, an 8-unit multifamily property, was sold for $3,580,000, with Jake Fugman from EXP Realty representing the buyer and Thomas Jakacki & Timothy Sheahan from Compass representing the seller. The per unit price was $447,500.

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

$190,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,719.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,971.03
Annual Debt Service$203,652.32