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

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SOLD
$2,850,000

Illinois

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MultiFamily28,700 SF
Sold 09/15/2022
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Property Image
SOLD

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

2445 East 72nd Street

See Similar Deals
MultiFamily28,700 SF
Sold 09/15/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$99
Total Square Footage:28,700 SF
Transaction Type:Sale

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
66 deals$111.1M volume(312) 805-0902
BROKER

Noah Birk
Kiser Group
63 deals$101.2M volume
BROKER

Details

SOLD
IMAGE: Aaron Sklar & Noah Birk DATE: 09/15/2022 ADDRESS: 2445 E 72nd St MARKET: South Shore, Chicago ASSET TYPE: Multifamily BROKERS: Aaron Sklar & Noah Birk - Kiser Group (@KiserGroup) SALE PRICE: $2,850,000 UNITS: 45 ~ PPU: $63,333 SF: 28,700 ~ PPSF: $99

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$151,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45