Updated Dec 18, 2023
Kiser Group Brokers Sell Multifamily Property In Bronzeville, Chicago For $2.1M
5119 South Prairie Avenue, Chicago, Illinois 60616, United States
$2,125,000
$126/SF
Building Size
16,800 SF
Asset Type
MultiFamily
Closing
Jun 5, 2022
About this deal
AI
A multifamily property located at 5119 S Prairie Ave in Bronzeville, Chicago has been sold for a total price of $2,125,000. The property consists of 14 units with an average price per unit of $151,786. The total area of the property is 16,800 square feet, resulting in a price per square foot of $126. The sale was facilitated by brokers Aaron Sklar and Noah Birk from Kiser Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,125,000
- Address: 5119 S Prairie Ave
- Market: Bronzeville, Chicago
- Units: 14
- Price Per Unit: $151,786
- Total Area: 16,800 square feet
- Price Per Square Foot: $126
- Brokers: Aaron Sklar & Noah Birk - Kiser Group
Aaron Sklar and Noah Birk from Kiser Group represented the sellers and buyers in this transaction, ensuring a successful deal for all parties involved.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Noah Birk 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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93