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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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