Updated Dec 21, 2023
Rick Ofman - Kiser Group Represents Seller In $1.05M Multifamily Sale On W. Addison St
5000 W Addison St, Portage Park, Chicago, IL, USA
$1,047,500
$115/SF
Building Size
9,064 SF
Asset Type
MultiFamily
Closing
Sep 3, 2021
About this deal
AI
The multifamily property located at 5000 W. Addison St in Portage Park, Chicago has been sold for a price of $1,047,500. The transaction took place on 09/03/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,047,500
- Address: 5000 W. Addison St
- Market: Portage Park, Chicago
The property consists of 9 units, with a price per unit (PPU) of $116,389. The seller's representative in this transaction was Rick Ofman from Kiser Group. Notably, the property traded for a 7.02% cap rate.
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
15.14%
Cash-on-Cash
-4.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93