Updated Sep 5, 2024
Emily Ackerman - Compass Acquires SFR In Chicago For $4.5M
$4,500,000
$858/SF
Building Size
5,245 SF
Asset Type
Single Family Residence
Closing
Apr 3, 2023
About this deal
AI
Emily Ackerman of Compass represented the buyer in the sale of a single-family home in the 2550 Lakeview Community, located in the desirable neighborhood of east Lincoln Park, Chicago. The property was sold for $4,500,000, and it offers 5,245 square feet of living space. At a price per square foot of $858, Emily's clients were able to secure a purchase price that was under 5% of the asking price.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,500,000
- Square Footage: 5,245
- Price Per Square Foot: $858
- Market: Chicago
- Buyer's Representative: Emily Ackerman - Compass
Emily's success in securing this property for her clients can be attributed to her deep understanding of their needs, her strong relationship with the listing agent, and her expertise in the Chicago market. Despite facing competition with another offer on the table, Emily was able to negotiate a favorable purchase price. Her commitment to Chicago Home Collective's values and standard of excellence is evident in her ability to create a seamless journey home for each of her clients.
Players
Market 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93