Zidan Management Group Acquires Multifamily Building In Chicago For $22.6M
2231 East 67th Street, Chicago, IL 60649, USA
$22,575,000
$12,541/SF
Building Size
1,800 SF
Asset Type
MultiFamily
Closing
Nov 27, 2021
AI
The multifamily property located at 2231 E 67th St in Chicago has been involved in a closed transaction. This property consists of 106 units and is owned by Zidan Management Group. The deal was facilitated by brokers Jason Brown and Austin Katai from Berkadia. The loan for this transaction was provided by Freddie Mac in the amount of $22,575,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,575,000
- Address: 2231 E 67th St
- Market: Chicago
- Total Units: 106
- Lender: Freddie Mac
- Landlord: Zidan Management Group
- Brokers: Jason Brown & Austin Katai - Berkadia
The involvement of Jason Brown and Austin Katai from Berkadia as brokers highlights their role in representing the buyer and seller in this transaction. This closed deal showcases the successful collaboration between the different parties involved in the purchase of this multifamily property in Chicago.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93