Kyle Stengle, Jack Stanton & Quentin Benedetto Sell Burbank MultiFamily For $3.63M
4630 W 79th St Chicago, IL 60652, USA
$3,630,000
$144/SF
Building Size
25,140 SF
Asset Type
MultiFamily
Closing
Jul 6, 2023
AI
The multi-family property located at 4630, 4636, 4640, 4650, and 4658 West 79th Street in Burbank, IL has been sold. The property consists of 33 units, with an average price per unit of $110,000. It spans over an area of 25,140 square feet, with an average price per square foot of $144. The transaction was completed for a total sale price of $3,630,000.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $3,630,000
- Units: 33
- Price Per Unit: $110,000
- Square Footage: 25,140
- Price Per Square Foot: $144
- Seller's Representative: Kyle Stengle (Jack Stanton & Quentin Benedetto - Marcus & Millichap)
The sale of the property was facilitated by Kyle Stengle, who represented the seller. Jack Stanton and Quentin Benedetto from Marcus & Millichap also played a crucial role in the 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
4.37%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93