Andrew Killion & Debra Dobbs Sell Lincoln Park Single Family For $12.55M
SOLD
Illinois
See Similar DealsSingle Family Residence8,000 SF
Sold 12/23/2021
SOLD
Andrew Killion & Debra Dobbs Sell Lincoln Park Single Family For $12.55M
1950 North Burling Street, Chicago, Illinois 60614, United States
See Similar DealsSingle Family Residence8,000 SF
Sold 12/23/2021
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
BROKERAGE
Details
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Deal Type
30 years
10 years
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
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