Updated Sep 5, 2024
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
About this deal
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.
On the Map
$2,100,000
$80,769/SF
MultiFamily
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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