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

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.

Players

Carrie McCormick

At Properties Commercial

Broker

$109.1M

vol

34 deals

Broker

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