Kiser Group Brokers Sell Multifamily Asset In Austin, Chicago For $2.1M
SOLD
$2,100,000
Illinois
See Similar DealsMultiFamily26 SF
Sold 12/18/2022
SOLD
Kiser Group Brokers Sell Multifamily Asset In Austin, Chicago For $2.1M
5301 West Washington Boulevard, Chicago, Illinois 60612, United States
See Similar DealsMultiFamily26 SF
Sold 12/18/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$80,769
Total Square Footage:26 SF
Transaction Type:Sale
A multifamily property located at 5301 W Washington Blvd in Austin, Chicago has been sold for a total amount of $2,100,000. The property consists of 24 units, with a price per unit of $87,500. It spans across 26,100 square feet, resulting in a price per square foot of $80.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 24
- Price per Unit: $87,500
- Square Feet: 26,100
- Price per Square Foot: $80
- Address: 5301 W Washington Blvd, Austin, Chicago
The sale was facilitated by Jack Petrando, Andy Friedman, and Jake Parker from Kiser Group, who acted as the brokers for the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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