Updated Dec 21, 2023
Berkshire Hathaway HomeServices Chicago Acquires Multifamily Property In Chicago For $1,055,000
5131 South Dorchester Avenue, Chicago, Illinois 60615, United States
$1,055,000
$309/SF
Building Size
3,414 SF
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
Located at 5131 S Dorchester Ave in Chicago, this multifamily property was recently sold for $1,055,000. The transaction took place on 04/07/2022. The property spans a lot size of 3,414 square feet, resulting in a price per square foot of $309.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,055,000
- Lot Size: 3,414 square feet
- Price per Square Foot: $309
Representing the buyer in this deal was Susan O'Connor from Berkshire Hathaway HomeServices Chicago. On the seller's side, Bohdan Gorczynski, also from Berkshire Hathaway HomeServices Chicago, acted as the representative.
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
15.04%
Cash-on-Cash
-4.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93