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1237 West Morse Avenue, Chi...

Danny Logarakis Of Kiser Group Sells Multifamily Property In Chicago, IL For $3.18M
SOLDMultiFamily

Danny Logarakis Of Kiser Group Sells Multifamily Property In Chicago, IL For $3.18M

1237 West Morse Avenue, Chicago, Illinois 60626, United States

$3,180,000

Building Size

Asset Type

MultiFamily

Closing

May 17, 2022

AI

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.

Players

Danny Logarakis

Kiser Group

Broker

$82.1M

vol

15 deals

Broker

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

4.99%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93