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5801 South Dorchester Avenu...

Antheus Capital Acquires Multifamily Property In Hyde Park, Chicago For $23.5M
SOLDMultiFamily

Antheus Capital Acquires Multifamily Property In Hyde Park, Chicago For $23.5M

5801 South Dorchester Avenue, Chicago, IL, USA

$23,450,000

$7,746/SF

Building Size

3,027 SF

Asset Type

MultiFamily

Closing

Aug 29, 2021

AI

An 86-unit multifamily property located at 5801 S. Dorchester Ave in Hyde Park, Chicago was recently sold for $23,450,000. The buyer, Antheus Capital, acquired the property from the seller, Baptist Theological Union (BTU).

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $23,450,000
  • Units: 86
  • Price Per Unit (PPU): $272,674
  • Market: Hyde Park, Chicago

The sale was facilitated by brokers David Goss, Jon Morgan, Joe Smazal, and Mark Dykstra from Interra Realty, who represented both the buyer and the seller in the transaction.

Players

Joe Smazal

Interra Realty

Broker

$596.9M

vol

73 deals

Broker
AC
Antheus CapitalBuyer

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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93