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

Property Image
SOLD
$12,550,000

Illinois

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Single Family Residence8,000 SF
Sold 12/23/2021
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Property Image
SOLD

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

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

See Similar Deals
Single Family Residence8,000 SF
Sold 12/23/2021
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Summary

ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$1,568
Total Square Footage:8,000 SF
Transaction Type:Sale

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 (Tim) Sheahan
10 deals$38.8M volume
BROKER

Debra Dobbs
Compass
2 deals$16.4M volume(312) 307-4909
BROKER

At Properties Commercial
BROKERAGE

Details

SOLD
IMAGE: Andrew Killion & Debra Dobbs DATE: 12/23/2021 ADDRESS: 1950 N Burling St MARKET: Lincoln Park ASSET TYPE: Single Family ~ ACRES: 0.27 SELLER: Andrew & Sandy Killion - Akuna Capital SELLER REP: Debra Dobbs - @properties BUYER REP: Tim Sheahan @TheSheahanGroup SALE PRICE: $12,550,000 SF: 8,000 ~ PPSF: $1,569

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

$669,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,587.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,493.40
Annual Debt Service$713,920.83