Coby White Acquires $5.1M SFR In Chicago's Lincoln Park, Purchased After New Bulls Contract
Chicago
$5,100,000
$728/SF
Building Size
7,000 SF
Asset Type
Single Family Residence
Closing
Aug 4, 2023
AI
Coby White, the NBA point guard for the Chicago Bulls, has purchased a 7,000-square-foot single-family home in Chicago's Lincoln Park neighborhood. The property is located on North Cleveland Avenue and boasts six bedrooms and seven bathrooms.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $5,100,000 (Approx.)
- Square Footage: 7,000
- Price per Square Foot: $729
- Market: Chicago
In this residential real estate transaction, Coby White purchased the property from Rajeev Rathi, who is affiliated with Rathi Private Wealth Management Group. The deal was facilitated by Carrie McCormick, a representative from Christie's International Real Estate.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93