Updated Dec 21, 2023
Jeffrey Lowe Acquires Single-Family Residence In Chicago For $2.95M
2631 North Burling Street
$2,950,000
$546/SF
Building Size
5,400 SF
Asset Type
Single Family Residence
Closing
Sep 30, 2020
About this deal
AI
A single-family home located at 2631 N. Burling Street in Chicago has been sold for $2,950,000. The property spans 5,400 square feet, resulting in a price per square foot of $546. The transaction took place on September 30, 2020. The sale was facilitated by Jeffrey Lowe of Compass.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $2,950,000
- Address: 2631 N. Burling Street
- Market: Chicago
- Square Footage: 5,400
- Price per Square Foot: $546
- Date: September 30, 2020
- Broker: Jeffrey Lowe - Compass
Jeffrey Lowe of Compass played a crucial role as the broker representing the parties involved in the sale of this single-family home. Through his expertise and guidance, the transaction was successfully completed.
Players
Chicago Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $546 per square foot on a published $3M for 5,400 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93