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Multifamily Property At 5437-5447 South Harper Avenue Sold For $3.93M With Triton Realty Group Rep

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SOLD
$3,925,000

Illinois

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MultiFamily45,000 SF
Sold 12/27/2024
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Property Image
SOLD

Multifamily Property At 5437-5447 South Harper Avenue Sold For $3.93M With Triton Realty Group Rep

5437 South Harper Avenue, 5441 South Harper Avenue & 5445 South Harper Avenue

See Similar Deals
MultiFamily45,000 SF
Sold 12/27/2024
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$87
Total Square Footage:45,000 SF
Transaction Type:Sale

The property asset involved in this sale is a multifamily unit located at 5437-5447 South Harper Avenue in the Chicago market. The transaction concluded at a sale price of $3,925,000, encompassing a total of 18 units. The building features a total square footage of 15,000, resulting in a price per unit of $218,055 and a price per square foot of $261.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,925,000
  • Address: 5437-5447 South Harper Avenue
  • Market: Chicago
  • Units: 18
  • Price per Unit: $218,055
  • Total Square Feet: 15,000
  • Price per Square Foot: $261

The brokers representing this transaction are Matt Fritzshall and Harrison Cohen from Triton Realty Group. Triton's strategic marketing efforts resulted in over 15 property tours and multiple competitive offers, underscoring the effectiveness of their representation. Notably, Fritzshall and Cohen also facilitated the original acquisition for the seller, demonstrating their continued involvement in the property's lifecycle.

Players

Matthew "Matt" Fritzshall
16 deals$84.6M volume
BROKER

Harrison Cohen
TRITON Realty Group
10 deals$57.7M volume(847) 624-6639
BROKER

Details

SOLD
IMAGE: Harrison Cohen & Matt Fritzshall DATE: 12/27/2024 ADDRESS: 5437-5447 South Harper Avenue MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Matt Fritzshall (@MFritzshall) & Harrison Cohen (@Hairy_son) - TRITON Realty Group (@Triton_Realty_Group) SALE PRICE: $3,925,000 UNITS: 18 ~ PPU: $218,055 SF: 15,000 ~ PPSF: $261 NOTE FROM BROKER: Triton's strategic marketing generated 15+ property tours and multiple competitive offers. Fritzshall and Cohen, not only led this transaction, but also facilitated the original acquisition for the seller. Congratulations to our seller, buyer, and everyone involved!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$209,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,944.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,606.50
Annual Debt Service$223,278.03