Chicago Multifamily Property Sold For $1.825M By Nate Gautsche - Chicago Real Estate Resources
6825 S Perry Ave
Units
1,825,000
Asset Type
—
Closing
Jul 14, 2022
About this deal
AI
A multifamily property located at 6825 S Perry Ave in Chicago has been sold for $1,825,000. The property consists of 44 units, with an average price per unit of $41,477. The total square footage of the property is 24,000, resulting in a price per square foot of $76.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,825,000
- Address: 6825 S Perry Ave
- Market: Chicago
- Units: 44
- Price per Unit: $41,477
- Total Square Footage: 24,000
- Price per Square Foot: $76
The buyer's representative in this transaction was Finley Askin from Chicago Real Estate Resources, while the seller's representative was Nate Gautsche, also from Chicago Real Estate Resources.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93