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
Chicago Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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