Updated Oct 28, 2024
5505 S. Dorchester LLC Acquires Multifamily Property In Hyde Park, Chicago For $12M
5505 South Dorchester Avenue, Chicago, Illinois 60619, United States
$12,000,000
Units
34
Asset Type
MultiFamily
Closing
Mar 21, 2022
About this deal
AI
A multifamily property located at 5505 S. Dorchester Ave in Hyde Park, Chicago, was recently sold. The transaction took place on 03/22/2022, with a sale price of $12,000,000. The property consists of 34 units, resulting in a per unit price of $352,941.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,000,000
The buyer of the property is 5505 S. Dorchester LLC. The sale was facilitated by Brad Feldman from Interra Realty.
The multifamily sale at 5505 South Dorchester Avenue, Chicago, Illinois 60619, United States in Chicago, Illinois sold for $12M in 2022. Reported inventory is 34 units across 34 units. Brad Feldman, Interra Realty appear on the sale alongside Interra Realty. This page is the Chicago, Illinois file for the 5505 South Dorchester Avenue, Chicago, Illinois 60619, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 5505 South Dorchester Avenue, Chicago, Illinois 60619, United States around 2022. Published consideration for 5505 South Dorchester Avenue, Chicago, Illinois 60619, United States is $12M, dated 2022. Cite this 5505 S. Dorchester LLC Acquires Multifamily Property In Hyde Park, Chicago For $12M sale when underwriting similar multifamily product around Chicago, Illinois.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93