$2M Multifamily Sale In East Garfield Park, Chicago With Kiser Group Brokers
351 South Homan Avenue, Chicago, Illinois 60624, United States
$2,000,000
$55/SF
Building Size
36,305 SF
Asset Type
MultiFamily
Closing
Aug 17, 2022
AI
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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93