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
- 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.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93