Updated Oct 28, 2024
Bender Companies Acquires Multifamily Property In Steger, Il For $69.5M
316 West 34th Street, Chicago, IL 60616, USA
$69,500,000
Units
672
Asset Type
MultiFamily
Closing
Oct 7, 2021
About this deal
AI
The multifamily property located at 316 W 34th St in Steger, Illinois was recently sold for a total price of $69,500,000. The property consists of 672 units, resulting in a price per unit of $103,423. The transaction took place on October 7, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $69,500,000
- Units: 672
- Price Per Unit: $103,423
- Address: 316 W 34th St, Steger, IL
The buyer of the property was Bender Companies, while the seller was CiTYR. The sale was facilitated by brokers David Gaines and Kyle Butler from JLL Capital Markets.
On the Map
$69,500,000
MultiFamily
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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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93