Updated Oct 28, 2024
IBF Property Management Sells 27-Unit Multifamily In Chicago For $1.74M
11027 South King Drive, Chicago, IL, USA
$1,740,000
$2,485/SF
Building Size
700 SF
Asset Type
MultiFamily
Closing
May 27, 2020
About this deal
AI
Located at 11027 S. King Drive in Chicago, this multifamily property was recently sold by IBF Property Management. The property consists of 27 units, with a sale price of $1,740,000. This translates to an average price per unit of $64,444.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,740,000
- Units: 27
- Price per Unit: $64,444
The sale of this multifamily property was facilitated by Aaron Sklar and Noah Birk, representing IBF Property Management. Their expertise and negotiation skills played a vital role in this successful transaction.
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
9.12%
Cash-on-Cash
-2.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93