Marcus & Millichap Brokers Sell Multifamily Asset In Hyde Park, Chicago For $9.8M
SOLD
$9,800,000
Illinois
See Similar DealsMultiFamily38,300 SF
Sold 04/13/2022
SOLD
Marcus & Millichap Brokers Sell Multifamily Asset In Hyde Park, Chicago For $9.8M
5120 South Harper Avenue, Chicago, Illinois 60615, United States
See Similar DealsMultiFamily38,300 SF
Sold 04/13/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$255
Total Square Footage:38,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$522,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00
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