Updated Oct 28, 2024
Axonas Realty Sells Multifamily Property In Jackson Park For $3.02M
2201 E 70th Pl, Chicago, IL, USA
$3,020,000
$396/SF
Building Size
7,612 SF
Asset Type
MultiFamily
Closing
Nov 24, 2021
About this deal
AI
An multifamily property located at 2201 E. 70th Pl in Jackson Park was recently sold for $3,020,000. The property consists of 33 units, with a price per unit of $91,515.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,020,000
- Units: 33
- Price Per Unit: $91,515
- Market: Jackson Park
- Seller: Axonas Realty
- Brokers: Aaron Sklar & Noah Birk - Kiser Group
Aaron Sklar and Noah Birk of Kiser Group represented the seller, Axonas Realty, in this transaction.
The multifamily sale at 2201 E 70th Pl, Chicago, IL, USA in Chicago, Illinois sold for $3M in 2021. Reported inventory is 7,612 square feet across 33 units, or about 396 per square foot. Noah Birk, Aaron Sklar, Kiser Group appear on the sale alongside Kiser Group. This page is the Chicago, Illinois file for the 2201 E 70th Pl, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 2201 E 70th Pl, Chicago, IL, USA around 2021. Published consideration for 2201 E 70th Pl, Chicago, IL, USA is $3M, dated 2021. Cite this Axonas Realty Sells Multifamily Property In Jackson Park For $3.02M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.25%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93