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2258 South Washtenaw Avenue...

Frank Fascaldo Sells 8-Unit Multifamily In Marshall Square, Chicago For $775K
SOLDMultiFamily

Frank Fascaldo Sells 8-Unit Multifamily In Marshall Square, Chicago For $775K

2258 South Washtenaw Avenue, Chicago, IL 60608, USA

$775,000

$93/SF

Building Size

8,300 SF

Asset Type

MultiFamily

Closing

Oct 18, 2021

AI

Located in Marshall Square, Chicago, the multifamily property at 2258 S. Washtenaw has been sold in a recent transaction. The property consists of 8 units and was sold for a total price of $775,000, resulting in a per unit price of $96,875. The sale was facilitated by the brokers Jack Petrando, Aaron Sklar, and Noah Birk from Kiser Group, who represented the seller, Frank Fascaldo.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $775,000
  • Address: 2258 S. Washtenaw, Marshall Square, Chicago
  • Units: 8
  • Price per Unit: $96,875

The deal was successfully executed through the expertise of Jack Petrando, Aaron Sklar, and Noah Birk from Kiser Group, who represented the seller, Frank Fascaldo. Their efforts in bringing together the buyer and seller were instrumental in the completion of this transaction.

Players

Aaron Sklar

Kiser Group

Broker

$111.1M

vol

66 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

20.47%

Cash-on-Cash

-5.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93