Updated Dec 18, 2023
Kiser Group Brokers Facilitate $2.86M Multifamily Sale In Bronzeville
4413 South Prairie Avenue, Chicago, Illinois 60619, United States
$2,862,000
Units
21
Asset Type
MultiFamily
Closing
Jan 7, 2022
About this deal
AI
Three multifamily properties in Bronzeville have been sold for a total price of $2,862,000. The properties are located at 4413 S. Prairie, 5318 S. Wabash, and 4841 S. Langley. The transaction was facilitated by Aaron Sklar and Noah Birk from Kiser Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,862,000
- Units: 21
- Price per Unit: $136,286
Aaron Sklar and Noah Birk from Kiser Group served as the brokers for this deal. They played a crucial role in the successful sale of these properties in Bronzeville.
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
5.54%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93