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
$3,925,000
$87/SF
Building Size
45,000 SF
Asset Type
MultiFamily
Closing
Dec 27, 2024
AI
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
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
4.04%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93