ShainRealty Capital Acquires Property At 4611 S Drexel Blvd In Chicago For $4.9M With Rep Jeff Baasch
SOLD
$4,900,000
Illinois
See Similar DealsMultiFamily
SOLD
ShainRealty Capital Acquires Property At 4611 S Drexel Blvd In Chicago For $4.9M With Rep Jeff Baasch
4611 S Drexel BLVD, Chicago, IL, 60653
See Similar DealsMultiFamily
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involves a sale of a multifamily building located at 4611 S Drexel Blvd, Chicago, IL, 60653. The property features 44 units and was sold for $4,900,000. This asset is situated in the Chicago market, specifically in the Kenwood neighborhood, and has a reported square footage of 0.
Summary of transaction details:
- Property Type: Multifamily Building
- Transaction Amount: $4,900,000.00
- Address: 4611 S Drexel Blvd, Chicago, IL, 60653
- Market: Chicago
- Seller's Representative: Jeff Baasch
- Buyer: ShainRealty Capital
- Acquisition Count: 9 on Chicago’s South Side
Jeff Baasch represented the seller in this transaction. The buyer, ShainRealty Capital, is a privately owned real estate investment firm based in Los Angeles. This deal marks a continued expansion for ShainRealty Capital in the Chicago real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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