Monarch Realty Partners Brokers $4.8M Multifamily Sale In West Garfield Park, Chicago
200 North Kenneth Avenue, Chicago, Illinois 60624, United States
$4,800,000
$100/SF
Building Size
47,625 SF
Asset Type
MultiFamily
Closing
Oct 5, 2022
AI
A multifamily property located at 200 N Kenneth Ave in the West Garfield Park neighborhood of Chicago, IL has been sold for $4,800,000. The property consists of 57 units, with an average price per unit of $84,211. The total square footage of the property is 47,625, resulting in a price per square foot of $101.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Units: 57
- Price Per Unit: $84,211
- Square Footage: 47,625
- Price Per Square Foot: $101
- Address: 200 N Kenneth Ave, West Garfield Park, Chicago, IL
The sale of this multifamily property was facilitated by Monarch Realty Partners, with Robert Berman and Michael Anguiano serving as the brokers representing the transaction.
Players
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93