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7815 S South Shore Dr, Chic...

Kanye West Acquires Childhood Home In South Shore, Chicago For $225,000
SOLDSingle Family Residence

Kanye West Acquires Childhood Home In South Shore, Chicago For $225,000

7815 S South Shore Dr, Chicago, IL 60649, USA

$225,000

$132/SF

Building Size

1,700 SF

Asset Type

Single Family Residence

Closing

Nov 29, 2020

AI

Kanye West has recently purchased his childhood home located at 7815 S. South Shore Drive in the South Shore neighborhood of Chicago. The property is a single-family home with a total area of 1,700 square feet. West acquired the property for a price of $225,000, with a per square foot cost of $132. He plans to invest an additional $60,000 in repairs and renovations.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $225,000
  • Address: 7815 S. South Shore Drive, Chicago
  • Total Area: 1,700 square feet
  • Price per Square Foot: $132
  • Buyer: Kanye West

This transaction represents a personal investment for Kanye West, as he has purchased his own childhood home. The South Shore neighborhood in Chicago holds sentimental value for West and his family. The acquisition of this property allows him to reconnect with his roots and potentially create a space that reflects his personal style and vision.

Players

Kanye West

Buyer

$37.2M

vol

3 deals

Buyer

Chicago 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

70.50%

Cash-on-Cash

-20.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93