Kiser Group Brokers Sell Multifamily Property In Austin, Chicago For $800K
118 North Menard Avenue, Chicago, Illinois 60644, United States
$800,000
$44,444/SF
Building Size
18 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
AI
The multifamily property located at 118-126 N Menard Avenue in Austin, Chicago has been sold for $800,000. The property spans approximately 18,000 square feet, resulting in a price per square foot of $44.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $800,000
- Address: 118-126 N Menard Avenue, Austin, Chicago
- Market: Austin, Chicago
The transaction was facilitated by the brokers Jack Petrando, Jake Parker, and Andy Friedman from Kiser Group.
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
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93