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10056 S Hoyne Ave, Chicago,...

Updated Dec 21, 2023

Miro Kikas Sells Chatham Multifamily For $1.75M With Marcus & Millichap's Representatives
SOLDMultiFamily

Miro Kikas Sells Chatham Multifamily For $1.75M With Marcus & Millichap's Representatives

10056 S Hoyne Ave, Chicago, IL, USA

$1,750,000

$51/SF

Building Size

33,924 SF

Asset Type

MultiFamily

Closing

Aug 18, 2021

About this deal

AI

Located in Chatham, the multifamily property at 10056 S Hoyne Ave was recently sold. The transaction, which took place on August 18, 2021, was facilitated by brokers Jack Stanton and Kyle Stengle from Marcus & Millichap. The property offers 30 units, providing an average price per unit (PPU) of $58,333. With a total square footage of 33,924, the sale price equated to approximately $52 per square foot.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,750,000
  • Address: 10056 S Hoyne Ave
  • Market: Chatham
  • Seller: Miro Kikas
  • Brokers: Jack Stanton & Kyle Stengle - Marcus & Millichap
  • Units: 30
  • Price per Unit (PPU): $58,333
  • Square Footage: 33,924
  • Price per Square Foot (PPSF): $52

Jack Stanton and Kyle Stengle, representing Marcus & Millichap, played a crucial role in facilitating the sale of this multifamily property. Their expertise and efforts were instrumental in ensuring a successful transaction for all parties involved.

Players

Kyle Stengle

Marcus & Millichap

Broker

$198.4M

vol

44 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $51 per square foot on a published $1.8M for 33,924 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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