Danny Logarakis Of Kiser Group Sells Multifamily Property In Chicago, IL For $3.18M
SOLD
$3,180,000
Illinois
See Similar DealsMultiFamily
Sold
SOLD
Danny Logarakis Of Kiser Group Sells Multifamily Property In Chicago, IL For $3.18M
1237 West Morse Avenue, Chicago, Illinois 60626, United States
See Similar DealsMultiFamily
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1237 W Morse Ave in Chicago, IL has been sold for a total price of $3,180,000. The sale was facilitated by broker Danny Logarakis from Kiser Group. The property consists of 21 units, with a price per unit of $151,429.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,180,000
- Address: 1237 W Morse Ave
- Market: Chicago, IL
- Broker: Danny Logarakis - Kiser Group
- Units: 21
- Price Per Unit: $151,429
Danny Logarakis from Kiser Group played a pivotal role in representing the parties involved in this multifamily property transaction. With his expertise and guidance, the deal was successfully closed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,297.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,074.82
Annual Debt Service$180,897.87
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