Updated Dec 21, 2023
Kiser Group Facilitates $840K Sale Of Multifamily Property In Bronzeville, Chicago
4522 South Calumet Avenue, Chicago, Illinois 60653, United States
$840,000
$116/SF
Building Size
7,200 SF
Asset Type
MultiFamily
Closing
Mar 17, 2022
About this deal
AI
Located in Bronzeville, Chicago, this multifamily property at 4522 S Calumet Ave recently changed hands in a closed transaction. The sale was facilitated by brokers Aaron Sklar and Noah Birk from Kiser Group. The property features six units, which were sold for a total price of $840,000, equating to a per unit price of $140,000. The property spans across approximately 7,200 square feet, with a price per square foot of $117.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $840,000
- Units: 6
- Price per Unit: $140,000
- Square Footage: 7,200
- Price per Square Foot: $117
Aaron Sklar and Noah Birk, representing Kiser Group, played a significant role in facilitating this property sale in Bronzeville, Chicago.
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
18.88%
Cash-on-Cash
-5.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93