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1950 North Burling Street, ...

Andrew Killion & Debra Dobbs Sell Lincoln Park Single Family For $12.55M
SOLDSingle Family Residence

Andrew Killion & Debra Dobbs Sell Lincoln Park Single Family For $12.55M

1950 North Burling Street, Chicago, Illinois 60614, United States

$12,550,000

$1,568/SF

Building Size

8,000 SF

Asset Type

Single Family Residence

Closing

Dec 23, 2021

AI

A single-family property located at 1950 N Burling St in Lincoln Park has been sold for $12,550,000. The property spans 8,000 square feet and has a price per square foot of $1,569. It sits on a 0.27-acre lot.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $12,550,000
  • Address: 1950 N Burling St
  • Market: Lincoln Park
  • Size: 8,000 square feet
  • Price per Square Foot: $1,569

In this deal, the sellers were Andrew and Sandy Killion, who are affiliated with Akuna Capital. Representing the sellers was Debra Dobbs Properties. The buyers were represented by Tim Sheahan from The Sheahan Group.

Players

Timothy Sheahan

Compass

Broker

$38.8M

vol

10 deals

Broker
At Properties Commercial
At Properties CommercialBrokerage

Chicago Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93