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4520 South Vincennes Avenue...

Interra Realty Brokers Complete $1.5M Sale Of 18-Unit Multifamily In Chicago
SOLDMultiFamily

Interra Realty Brokers Complete $1.5M Sale Of 18-Unit Multifamily In Chicago

4520 South Vincennes Avenue, Chicago, IL, USA

$1,500,000

$2,238/SF

Building Size

670 SF

Asset Type

MultiFamily

Closing

Apr 20, 2021

AI

The recently closed property transaction in Chicago involves a multifamily asset located at 4520 S. Vincennes Ave. The property consists of 18 units, with a per unit price of $83,333. The transaction took place on 04/21/2021, and the property was sold for a total price of $1,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 4520 S. Vincennes Ave.
  • Market: Chicago
  • Units: 18
  • Price Per Unit: $83,333

The transaction was facilitated by the brokerage firm Interra Realty, with Lucas Fryman, David Goss, Jon Morgan, and Sam Gutierrez representing the parties involved in the deal.

Players

Lucas Fryman

Interra Realty

Broker

$278.6M

vol

42 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93