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Interra Realty Brokers $2.92M Sale Of 8-Unit Apartment Building In Chicago's Hyde Park

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SOLD
$2,920,000

Illinois

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Interra Realty Brokers $2.92M Sale Of 8-Unit Apartment Building In Chicago's Hyde Park

5130 South Greenwood Avenue

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MultiFamily
Sold
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

An eight-unit apartment building at 5130 S. Greenwood Ave. in Chicago's Hyde Park neighborhood was sold for $2.92 million. The sale set a record-high price per unit of $365,000 for vintage buildings in the area over the past five years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,920,000
  • Address: 5130 South Greenwood Avenue
  • Market: Chicago
  • Units: 8
  • Seller: Barnett Capital
  • Buyer: 5130 S. Greenwood
  • Broker: Brad Feldman - Interra Realty

Brad Feldman of Interra Realty brokered the sale of the apartment building, showcasing his expertise in facilitating successful real estate transactions.

Players

Brad Feldman
Interra Realty
Brad Feldman
36 deals$282.9M volume
BROKER

Details

SOLD
IMAGE: Brad Feldman DATE: 07/08/2024 ADDRESS: 5130 South Greenwood Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: 5130 S. Greenwood SELLER: Barnett Capital BROKER: Brad Feldman (@BsFeldman) - Interra Realty (@InterraRealty) SALE PRICE: $2,920,000 UNITS: 8 ~ PPU: $365,000 NOTE: Interra Realty brokered the sale of a fully occupied eight-unit apartment building at 5130 S. Greenwood Ave. in Chicago's Hyde Park neighborhood for $2.92 million, marking a record-high price per unit of $365,000 for vintage buildings in the area over the past five years.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,374.15
Cash-on-Cash Return-1.27%
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