facebook
Traded Co logo
Submit
Daily limit: 0/10

Coby White Acquires $5.1M SFR In Chicago's Lincoln Park, Purchased After New Bulls Contract

Property Image
SOLD
$5,100,000

Illinois

See Similar Deals
Single Family Residence7,000 SF
Sold 08/04/2023
the dealplayerscompscontact
Property Image
SOLD

Coby White Acquires $5.1M SFR In Chicago's Lincoln Park, Purchased After New Bulls Contract

Chicago

See Similar Deals
Single Family Residence7,000 SF
Sold 08/04/2023
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$728
Total Square Footage:7,000 SF
Transaction Type:Sale

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.

Players

Carrie McCormick
At Properties Commercial
Carrie McCormick
34 deals$109.1M volume
BROKER

Details

SOLD
IMAGE: Coby White & Carrie McCormick DATE: 08/04/2023 MARKET: Chicago ASSET TYPE: SFR BUYER: Coby White (@CobyWhite) - Chicago Bulls (@ChicagoBulls) SELLER: Rajeev Rathi - Rathi Private Wealth Management Group BROKER: Carrie McCormick (@CarrieMcCormickrealestate)- @properties Christie’s International Real Estate SALE PRICE: $5,100,000 (Approx.) SF: 7,000 ~ PPSF: $729 NOTE: NBA point guard Coby White bought a 7,000-square-foot home in Chicago's Lincoln Park neighborhood after signing a new three-year, $40 million contract with the Bulls. The property, located on North Cleveland Avenue, has six bedrooms and seven bathrooms.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$271,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22