Updated Dec 19, 2023
Interra Realty Brokers $10.6M Sale Of Multifamily Property In Hyde Park, Chicago
5736 South Stony Island Avenue, Chicago, IL 60637
$10,625,000
$177/SF
Building Size
60,000 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
The multifamily property located at 5736 S Stony Island in Hyde Park, Chicago has been sold for a price of $10,625,000. The transaction took place on December 15, 2021. The property consists of 75 units, with a price per unit of $141,667. It spans across 60,000 square feet, with a price per square foot of $177.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,625,000
- Units: 75
- Price Per Unit: $141,667
- Square Footage: 60,000
- Price Per Square Foot: $177
- Address: 5736 S Stony Island
- Market: Hyde Park, Chicago
The sale of this property was facilitated by Craig Martin & Lucas Fryman from Interra Realty.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.49%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93