Kiser Group Brokers Sell Multifamily Asset In Austin, Chicago For $2.1M
5301 West Washington Boulevard, Chicago, Illinois 60612, United States
$2,100,000
$80,769/SF
Building Size
26 SF
Asset Type
MultiFamily
Closing
Dec 18, 2022
AI
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.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93