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
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