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Multifamily Property In Chicago Sold For $1.6M With Buyer's Rep Paul Johnson & Seller's Rep Jerome Ettinger

Property Image
SOLD
$1,600,000
Jerome (Jerry) Ettinger
Paul Johnson

Illinois

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MultiFamily12,027 SF
Sold 01/09/2024
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Property Image
SOLD

Multifamily Property In Chicago Sold For $1.6M With Buyer's Rep Paul Johnson & Seller's Rep Jerome Ettinger

5136 South Blackstone Avenue

See Similar Deals
MultiFamily12,027 SF
Sold 01/09/2024
Jerome (Jerry) Ettinger
Paul Johnson
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$133
Total Square Footage:12,027 SF
Transaction Type:Sale

5136 South Blackstone Avenue is a multifamily property located in Chicago. The property consists of 12 units and has a total square footage of 12,027. The sale price for this transaction was $1,600,000, resulting in a per-unit price of $133,333 and a price per square foot of $133.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Units: 12
  • Price Per Unit: $133,333
  • Square Footage: 12,027
  • Price Per Square Foot: $133
  • Address: 5136 South Blackstone Avenue, Chicago

The buyer, represented by Paul Johnson of Web Property Manager, acquired the property. The seller, represented by Jerome Ettinger of Ettinger Realty, facilitated the transaction.

Players

Jerome (Jerry) Ettinger
Ettinger Realty
Jerome Ettinger
1 deal$1.6M volume(312) 608-1234
BROKER
Paul Johnson
Web Property Manager
Paul Johnson
1 deal$1.6M volume(773) 669-6775
BROKER

Details

SOLD
IMAGE: Paul Johnson & Jerome Ettinger DATE: 01/09/2024 ADDRESS: 5136 South Blackstone Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Paul Johnson - Web Property Manager SELLER'S REP: Jerome Ettinger - Ettinger Realty SALE PRICE: $1,600,000 UNITS: 12 ~ PPU: $133,333 SF: 12,027 ~ PPSF: $133 NOTE: 5136 South Blackstone Avenue in Chicago, a multifamily property with 12 units, has been sold for $1,600,000, with a per-unit price of $133,333. The buyer was represented by Paul Johnson of Web Property Manager, and the seller was represented by Jerome Ettinger of Ettinger Realty. The property spans 12,027 square feet, with a price per square foot of $133.

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

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80