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3915 West Altgeld Street

Kiser Group Brokers Sell 15-Unit Multifamily Property In Logan Square For $3M
SOLDMultiFamily

Kiser Group Brokers Sell 15-Unit Multifamily Property In Logan Square For $3M

3915 West Altgeld Street

$3,000,000

$225/SF

Building Size

13,300 SF

Asset Type

MultiFamily

Closing

Dec 22, 2022

AI

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

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.

Players

Andrew Friedman

Kiser Group

Broker

$131.5M

vol

20 deals

Broker

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93