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Sale · Single Family Residence

Updated Sep 5, 2024

Emily Ackerman - Compass Acquires SFR In Chicago For $4.5M
SOLDSingle Family Residence

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

Emily Ackerman

Compass

Broker

$4.5M

vol

1 deal

Broker

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $858 per square foot on a published $4.5M for 5,245 square feet (2023).

Visit Compass to view all their deals.

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

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