Updated Dec 21, 2023
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
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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