Kiser Group Brokers Sell Multifamily Property In Austin, Chicago For $800K
SOLD
Illinois
See Similar DealsMultiFamily18 SF
SOLD
Kiser Group Brokers Sell Multifamily Property In Austin, Chicago For $800K
118 North Menard Avenue, Chicago, Illinois 60644, United States
See Similar DealsMultiFamily18 SF
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$44,444
Total Square Footage:18 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$42,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,842.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,792.41
Annual Debt Service$45,508.90
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