Updated Dec 21, 2023
Interra Realty Sells Hyde Park Multifamily Portfolio For $8.55M
5409 South Blackstone Avenue, Chicago, Illinois 60615, United States
$8,550,000
Units
24
Asset Type
MultiFamily
Closing
Mar 1, 2022
About this deal
AI
A multifamily property located in Hyde Park, Chicago has been sold for a total price of $8,550,000. The property consists of 24 units and is situated at the addresses of 5409 & 5533 S Blackstone, 5623 S Dorchester & 5427 S Greenwood. The sale was facilitated by Joe Smazal from Interra Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,550,000
- Units: 24
Joe Smazal from Interra Realty played a crucial role as the broker in this transaction. His expertise and negotiation skills helped facilitate the successful sale of this Hyde Park multifamily property.
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
1.86%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93