Updated Dec 22, 2023
Kyle Glascott Of Glascott Assoc. Realty Acquires 14-Unit Multifamily Property In Chicago For $2M
5317 North Hoyne Avenue, Chicago, IL 60625, USA
$2,000,000
$166/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Mar 28, 2021
About this deal
AI
Located at 5317 N Hoyne Ave in Chicago, this multifamily property was sold on March 29, 2021. The sale was facilitated by Kyle Glascott from Glascott Assoc. Realty who represented the buyer, and Svetlana Vidovic from Real Estate Matters who represented the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Units: 14
- Price Per Unit: $142,857
- Cap Rate: 7.18%
The property consists of 14 units, resulting in a price per unit of $142,857. With a cap rate of 7.18%, this multifamily asset offers a promising investment opportunity in the Chicago market.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93