Updated Dec 21, 2023
Jonathan Rose Cos. And Preservation Of Affordable Housing Acquire Multifamily Asset In Chicago For $25M
6054 South Stony Island Avenue, Chicago, Illinois 60617, United States
$25,000,000
Units
318
Asset Type
MultiFamily
Closing
Aug 7, 2022
About this deal
AI
The multifamily property located at 6054 South Stony Island Avenue in Chicago has been sold for a total price of $25,000,000. The property consists of 318 units with a price per unit of $78,616. This transaction took place on 08/08/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Address: 6054 South Stony Island Avenue
- Market: Chicago
The buyer of this property is Jonathan Rose Cos., represented by Nathan Taft and Jonathan Rose. Preservation of Affordable Housing, represented by Bill Eager, was also involved in the transaction.
Players
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93