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5663 W Higgins Ave, Chicago...

Updated Sep 9, 2024

Marcus & Millichap Sells MultiFamily Property In Chicago For $1.3M
SOLDMultiFamily

Marcus & Millichap Sells MultiFamily Property In Chicago For $1.3M

5663 W Higgins Ave, Chicago, IL, 60630

$1,300,000

Building Size

Asset Type

MultiFamily

Closing

Feb 5, 2019

About this deal

AI

The six-unit apartment property located at 5663 W. Higgins Avenue in Chicago, IL, 60630 was recently sold for $1,300,000. The property features a mix of two- and three-bedroom apartments with granite countertops, hardwood floors, and private decks in the rear. Situated near various Chicago Transit Authority (CTA) bus stops and the Jefferson Park Blue Line train stop, this newer construction property offers modern amenities in a convenient location.

Summary of transaction details:

Kyle A. Stengle, the senior vice president investments at Marcus & Millichap’s Chicago Downtown office, played a key role in exclusively marketing the property on behalf of the seller. The efficient transaction of this multi-family property reflects the expertise and dedication of the involved parties in the Chicago real estate market.

Players

Kyle Stengle

Marcus & Millichap

Broker

$198.4M

vol

44 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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