Mavrik Capital Acquires Multifamily Property From Kevin Moriarty In Chicago For $1,458,400
SOLD
$1,458,400
Illinois
See Similar DealsMultiFamily18,000 SF
Sold 12/02/2024
SOLD
Mavrik Capital Acquires Multifamily Property From Kevin Moriarty In Chicago For $1,458,400
10710 South Church Street
See Similar DealsMultiFamily18,000 SF
Sold 12/02/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$81
Total Square Footage:18,000 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 10710 South Church Street in the Chicago market. The sale price was $1,458,400, which translates to a price per unit of $81,022, based on a total of 18 units. The total square footage of the property is 18,000, resulting in a price per square foot of $81.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,458,400
- Buyer: Mavrik Capital
- Seller: Kevin Moriarty
- Broker: Jack Stanton - Marcus & Millichap
- Units: 18
- Square Footage: 18,000
- Price Per Unit: $81,022
- Price Per Square Foot: $81
The transaction was facilitated by Jack Stanton of Marcus & Millichap, who represented the seller in this deal. Mavrik Capital acquired the multifamily property from Kevin Moriarty, marking a significant transaction in the Chicago real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,781.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,181.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,913.56
Annual Debt Service$82,962.72
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