Updated Oct 29, 2024
Shain Realty Acquires Multifamily Property In Chicago For $4.55M
5001 S Drexel Blvd, Chicago, IL, USA
$4,550,000
$130/SF
Building Size
35,000 SF
Asset Type
MultiFamily
Closing
Nov 1, 2020
About this deal
AI
The multifamily property located at 5001 S. Drexel Blvd in Chicago was recently sold for a total price of $4,550,000. The transaction took place on 11/02/2020 and involved 33 units. The price per unit was determined to be $137,878.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Address: 5001 S. Drexel Blvd
- Market: Chicago
- Units: 33
- Price per Unit: $137,878
The buyer of the property was Shain Realty, while the deal was facilitated by brokers Ted Stratman and Jeremy Morton from Interra Realty.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Ted Stratman to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93