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5437 South Harper Avenue

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

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

Matthew Fritzshall

TRITON Realty Group

Broker

$84.6M

vol

16 deals

Broker

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