Updated Sep 5, 2024
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
About this deal
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.
The multifamily sale at 118 North Menard Avenue, Chicago, Illinois 60644, United States in Chicago, Illinois sold for $800K in 2023. The building is 18 square feet, implying about 44.4K per square foot on the published price. Jack Petrando, Jake Parker, Andrew (Andy) Friedman, Kiser Group appear on the sale alongside Kiser Group. This page is the Chicago, Illinois file for the 118 North Menard Avenue, Chicago, Illinois 60644, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 118 North Menard Avenue, Chicago, Illinois 60644, United States around 2023. Published consideration for 118 North Menard Avenue, Chicago, Illinois 60644, United States is $800K, dated 2023. Cite this Kiser Group Brokers Sell Multifamily Property In Austin, Chicago For $800K sale when underwriting similar multifamily product around Chicago, Illinois.
Players
Chicago MultiFamily Market Snapshot
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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