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11027 South Doctor Martin L...

Robert Jacobson Acquires Multifamily Property In Chicago From Noah Birk
SOLDMultiFamily

Robert Jacobson Acquires Multifamily Property In Chicago From Noah Birk

11027 South Doctor Martin Luther King Jr Drive

$2,200,000

$88/SF

Building Size

25,000 SF

Asset Type

MultiFamily

Closing

Oct 27, 2023

AI

The multifamily property located at 11027 South Doctor Martin Luther King Jr Drive in Chicago has been sold in a transaction. The property spans across 25,000 square feet and consists of 27 units. The sale price for this property was $2,200,000, resulting in a price per unit of $81,481. The price per square foot is calculated to be $88.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Address: 11027 South Doctor Martin Luther King Jr Drive, Chicago
  • Market: Chicago

The buyer in this transaction is Robert Jacobson, while Noah Birk acted as the seller. Aaron Sklar from Kiser Group represented both parties as the broker.

Players

Aaron Sklar

Kiser Group

Broker

$111.1M

vol

66 deals

Broker

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93