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2445 East 72nd Street

Kiser Group Facilitates Sale Of 45-Unit Multifamily Property In South Shore, Chicago For $2.85M
SOLDMultiFamily

Kiser Group Facilitates Sale Of 45-Unit Multifamily Property In South Shore, Chicago For $2.85M

2445 East 72nd Street

$2,850,000

$99/SF

Building Size

28,700 SF

Asset Type

MultiFamily

Closing

Sep 15, 2022

AI

An multifamily property located at 2445 E 72nd St was recently sold in the South Shore neighborhood of Chicago. The property consists of 45 units with an average price per unit of $63,333. It spans a total of 28,700 square feet, resulting in a price per square foot of $99. The transaction was facilitated by Aaron Sklar and Noah Birk from Kiser Group, who represented the parties involved.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,850,000
  • Address: 2445 E 72nd St
  • Market: South Shore, Chicago
  • Units: 45
  • Average Price per Unit: $63,333
  • Square Footage: 28,700
  • Price per Square Foot: $99

The sale of the property was facilitated by Aaron Sklar and Noah Birk from Kiser Group. They represented the parties involved in the transaction, ensuring a successful deal for all parties.

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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93