Updated Dec 19, 2023
Interra Realty Brokers $3.65M Sale Of 46-Unit Multifamily Property In Chicago
4400 S Drexel Blvd, Chicago, IL 60653, USA
$3,650,000
$363/SF
Building Size
10,044 SF
Asset Type
MultiFamily
Closing
Aug 13, 1920
About this deal
AI
A multifamily property located at 4400 S. Drexel Blvd in Chicago was recently sold for a total of $3,650,000. The property consists of 46 units and has been acquired through a closed sale transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,650,000
- Date: 8/14/20
- Address: 4400 S. Drexel Blvd
- Market: Chicago
Ted Stratman, Lucas Fryman, and Jeremy Morton from Interra Realty served as the brokers for this sale transaction. They played a crucial role in representing the parties involved in the deal and facilitating the successful completion of the transaction.
Players
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93