Kiser Group Brokers Sell 15-Unit Multifamily Property In Logan Square For $3M
SOLD
$3,000,000
Illinois
See Similar DealsMultiFamily13,300 SF
Sold
SOLD
Kiser Group Brokers Sell 15-Unit Multifamily Property In Logan Square For $3M
3915 West Altgeld Street
See Similar DealsMultiFamily13,300 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$225
Total Square Footage:13300 SF
Transaction Type:Sale
A multifamily property located at 3915 W Altgeld Street in Logan Square, Chicago has been sold. The property consists of 15 units with a sale price of $3,000,000, resulting in a per unit price of $200,000. The total square footage of the property is 13,300, making the price per square foot $226.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 3915 W Altgeld Street
- Market: Logan Square, Chicago
- Brokers: Danny Logarakis, Andy Friedman & Jake Parker - Kiser Group
Danny Logarakis, Andy Friedman, and Jake Parker from Kiser Group represented the parties involved in the transaction. They facilitated the successful sale of the multifamily property located at 3915 W Altgeld Street in Logan Square, Chicago.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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