Updated Dec 21, 2023
Jonathan Rose Companies And Preservation Of Affordable Housing Acquire Woodlawn Multifamily For $25M
6040 South Harper Avenue, Chicago, Illinois 60637, United States
$25,000,000
Units
318
Asset Type
MultiFamily
Closing
Aug 3, 2022
About this deal
AI
The multifamily property located at 6040 S. Harper Avenue in Woodlawn, Chicago was recently sold for a total of $25,000,000. The sale took place on August 4, 2022, and the property consists of 318 units. The per unit price for this transaction was $78,616. Nathan D. Taft, representing Jonathan Rose Companies, and Preservation of Affordable Housing (POAH) were the buyers in this deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Address: 6040 S. Harper Avenue, Woodlawn, Chicago
- Market: Woodlawn, Chicago
- Units: 318
- Price Per Unit: $78,616
Nathan D. Taft, representing Jonathan Rose Companies, and Preservation of Affordable Housing (POAH), played a pivotal role in this transaction as the buyers. Their involvement underscores their commitment to the multifamily market in Woodlawn, Chicago.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93