Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Multifamily Asset In Hyde Park, Chicago For $9.8M
5120 South Harper Avenue, Chicago, Illinois 60615, United States
$9,800,000
$255/SF
Building Size
38,300 SF
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
The multifamily property located at 5120 S Harper Ave in Hyde Park, Chicago was recently sold for a total price of $9,800,000. The transaction took place on April 13, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,800,000
- Units: 61
- Price per Unit: $160,656
- Square Footage: 38,300
- Price per Square Foot: $256
- Market: Hyde Park, Chicago
The sale of this multifamily property was facilitated by the real estate brokerage firm Marcus & Millichap. The brokers involved in the transaction were Jack Stanton, Kyle Stengle, and James Ziegler.
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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93