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Interra Realty Brokers $1.365M Sale Of 20-Unit Multifamily Portfolio In West Garfield Park And Austin, Chicago
SOLD
$1,365,000
Illinois
See Similar DealsMultiFamily
Sold 11/03/2023
SOLD
Interra Realty Brokers $1.365M Sale Of 20-Unit Multifamily Portfolio In West Garfield Park And Austin, Chicago
4334 West West End Avenue & 5019 W. Maypole Avenue
See Similar DealsMultiFamily
Sold 11/03/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A 20-unit multifamily portfolio located in Chicago's West Garfield Park and Austin neighborhoods has been sold for $1,365,000. This off-market deal showcases the demand for value-add assets in Chicago's West Side, even in the current high-interest-rate environment. Each unit in the portfolio was priced at $68,250, highlighting the affordability of the properties.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,365,000
- Units: 20
- Price Per Unit (PPU): $68,250
- Market: Chicago
- Brokers: Samuel Gutierrez & Max Grossman - Interra Realty
Interra Realty facilitated the sale of this multifamily portfolio, demonstrating their expertise in the West Side market. Samuel Gutierrez and Max Grossman from Interra Realty served as the brokers in this transaction, bringing together the buyer and seller to complete the deal successfully.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,849.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,470.80
Annual Debt Service$77,649.56
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