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2118 North Magnolia Avenue

Lori And Chris Holtman Purchase Single Family Home In Lincoln Park For $4.03M
SOLDSingle Family

Lori And Chris Holtman Purchase Single Family Home In Lincoln Park For $4.03M

2118 North Magnolia Avenue

$4,030,000

$732/SF

Building Size

5,500 SF

Asset Type

Single Family

Closing

Jun 11, 2024

AI

A 5,500-square-foot single-family home located at 2118 North Magnolia Avenue in the Chicago market has been sold for $4,030,000, reflecting a price per square foot of $733. This transaction indicates a noteworthy increase in property value, having been acquired for $1.2 million in 2016.

Summary of transation details:

Chris Holtman, the newly appointed head coach of DePaul University men’s basketball, and his wife Lori are the buyers of this property. The transaction illustrates a significant investment in the Lincoln Park neighborhood.

Players

Millie Rosenbloom

Baird & Warner

Broker

$20.7M

vol

6 deals

Broker

Chicago Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.94%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93