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Kiser Group Facilitates $850k Sale Of 13-Unit Multifamily Property In Austin, Chicago

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SOLD
$850,000

Illinois

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MultiFamily10,650 SF
Sold 03/28/2022
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Property Image
SOLD

Kiser Group Facilitates $850k Sale Of 13-Unit Multifamily Property In Austin, Chicago

5916 W Fulton St, Chicago, Illinois 60644, United States

See Similar Deals
MultiFamily10,650 SF
Sold 03/28/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$79
Total Square Footage:10,650 SF
Transaction Type:Sale

A multifamily property located at 5916 W Fulton St in Austin, Chicago has been sold for a price of $850,000. The property consists of 13 units, with a mix of one and two bedrooms. The sale price averages to $65,385 per unit. The total square footage of the property is 10,650, resulting in a price per square foot of $80.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $850,000
  • Units: 13
  • Price Per Unit: $65,385
  • Square Footage: 10,650
  • Price Per Square Foot: $80
  • Address: 5916 W Fulton St, Austin, Chicago
  • Market: Austin, Chicago

The transaction was facilitated by Aaron Sklar, Noah Birk, and Jack Petrando from Kiser Group. They represented the buyer, seller, or landlord in this deal.

Players

Aaron Sklar
66 deals$111.1M volume(312) 805-0902
BROKER

Noah Birk
Kiser Group
63 deals$101.2M volume
BROKER

Jack Petrando
Kiser Group
10 deals$12.5M volume
BROKER

Details

SOLD
IMAGE: Jack Petrando, Aaron Sklar & Noah Birk DATE: 03/28/2022 ADDRESS: 5916 W Fulton St MARKET: Austin, Chicago ASSET TYPE: Multifamily BROKERS: Aaron Sklar, Noah Birk & Jack Petrando - Kiser Group (@KiserGroup) SALE PRICE: $850,000 UNITS: 13 ~ PPU: $65,385 SF: 10,650 ~ PPSF: $80 NOTE FROM BROKERS: Sold for $65,000 per unit. Mix of one and two bedrooms.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$45,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,019.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,029.43
Annual Debt Service$48,353.20