Updated Dec 19, 2023
Interra Realty Acquires Multifamily Property In Hyde Park, Chicago For $8.7M
5124 South Kimbark Avenue, Chicago, Illinois 60615, United States
$8,712,000
$348/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Jan 24, 2022
About this deal
AI
A multifamily property located at 5124-32 S. Kimbark Avenue in Hyde Park, Chicago was recently sold for a total price of $8,712,000. The transaction took place on January 25, 2022. The property consists of 44 units, with a price per unit of $198,000. The total square footage is 25,000, resulting in a price per square foot of $348. The sale was facilitated by brokers Paul Waterloo, Patrick Kennelly, and Lucas Fryman of Interra Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,712,000
- Date: January 25, 2022
- Address: 5124-32 S. Kimbark Avenue
- Market: Hyde Park, Chicago
- Number of Units: 44
- Price per Unit: $198,000
- Total Square Footage: 25,000
- Price per Square Foot: $348
Paul Waterloo, Patrick Kennelly, and Lucas Fryman of Interra Realty played a crucial role in facilitating the sale of this multifamily property in Hyde Park, Chicago.
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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93