$2M Multifamily Sale In East Garfield Park, Chicago With Kiser Group Brokers
SOLD
$2,000,000
Illinois
See Similar DealsMultiFamily36,305 SF
Sold 08/18/2022
SOLD
$2M Multifamily Sale In East Garfield Park, Chicago With Kiser Group Brokers
351 South Homan Avenue, Chicago, Illinois 60624, United States
See Similar DealsMultiFamily36,305 SF
Sold 08/18/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$55
Total Square Footage:36,305 SF
Transaction Type:Sale
A multifamily property located at 351 S Homan Ave & 10-18 S Homan in East Garfield Park, Chicago has recently been sold for a total sale price of $2,000,000. The property consists of 35 units with an average price per unit of $57,143. The total square footage of the property is approximately 36,305, resulting in a price per square foot of $55.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 351 S Homan Ave & 10-18 S Homan
- Market: East Garfield Park, Chicago
- Units: 35
- Price per Unit: $57,143
- Total Square Footage: 36,305
- Price per Square Foot: $55
The sale of this multifamily property was facilitated by Aaron Sklar, Noah Birk, and Jack Petrando from Kiser Group.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
Is there something missing? Send suggestions