Updated Dec 21, 2023
Chance The Rapper Acquires Bannockburn Single Family Home For $2.3M
Bannockburn, IL, USA
$2,300,000
$248/SF
Building Size
9,251 SF
Asset Type
Single Family Residence
Closing
Oct 25, 2021
About this deal
AI
A single-family property located in Bannockburn with approximately 3.71 acres of land was recently sold. The transaction took place on October 25, 2021.
Summary of transaction details
- Property Type: Single Family
- Sale Price: $2,300,000
- Square Footage: 9,251
- Price per Square Foot: $248
- Market: Bannockburn
The buyers of the property were Chancelor Bennett, also known as Chance the Rapper, and Kirsten Bennett. The sellers were represented by Alan Berlow and Shannon Towson from Coldwell Banker. Lisa Thompson-Bennett from Crown Heights Realty acted as the buyer's representative in this transaction.
Players
Bannockburn Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $248 per square foot on a published $2.3M for 9,251 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93