Monarch Realty Partners Brokers $4.8M Multifamily Sale In West Garfield Park, Chicago
SOLD
$4,800,000
Illinois
See Similar DealsMultiFamily47,625 SF
Sold 10/06/2022
SOLD
Monarch Realty Partners Brokers $4.8M Multifamily Sale In West Garfield Park, Chicago
200 North Kenneth Avenue, Chicago, Illinois 60624, United States
See Similar DealsMultiFamily47,625 SF
Sold 10/06/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$100
Total Square Footage:47,625 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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