Updated Dec 19, 2023
Kiser Group Represents Buyer In $1.05M Englewood Multifamily Sale
1016 West 64th Street, Englewoodnited States
$1,050,000
$53/SF
Building Size
19,700 SF
Asset Type
MultiFamily
Closing
Apr 20, 2022
About this deal
AI
An multifamily property in Englewood, Chicago has been sold for a price of $1,050,000. The property consists of 25 units with an average price per unit of $42,000. It spans across 19,700 square feet, resulting in a price per square foot of $53.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 1016 W. 64th, 1432 W. Marquette & 6343 S. Elizabeth
- Market: Englewood, Chicago
- Units: 25
- Average Price Per Unit: $42,000
- Total Square Footage: 19,700
- Price Per Square Foot: $53
The sale of this multifamily property was facilitated by brokers Aaron Sklar & Noah Birk from Kiser Group, who represented the buyers and sellers in the deal.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93