Updated Sep 9, 2024
Kiser Group Brokers Sell Bronzeville Multifamily Property For $815K
4525 South Evans Avenue
$815,000
$177/SF
Building Size
4,600 SF
Asset Type
MultiFamily
Closing
Jul 21, 2022
About this deal
AI
The multifamily property located at 4525 S Evans Ave in Bronzeville, Chicago has been sold in a closed transaction. The property consists of 3 units with a total square footage of 4,600. The sale price for the property was $815,000, resulting in a price per unit of $271,667 and a price per square foot of $177.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $815,000
- Units: 3
- Price per Unit: $271,667
- Square Footage: 4,600
- Price per Square Foot: $177
The sale of this multifamily property was facilitated by Aaron Sklar & Noah Birk from Kiser Group, representing the buyer and seller. Their expertise and negotiation skills played a crucial role in the successful completion of this 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
19.46%
Cash-on-Cash
-5.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93