Updated Dec 21, 2023
Kiser Group Represents Sale Of Multifamily Property In Washington Park, Chicago For $3.9M
6116 South Doctor Martin Luther King Jr Drive, Chicago, Illinois 60637, United States
$3,900,000
$100/SF
Building Size
38,800 SF
Asset Type
MultiFamily
Closing
Jun 26, 2022
About this deal
AI
Situated in the neighborhood of Washington Park, Chicago, the multifamily property located at 6116 S Martin Luther King Dr has recently changed hands in a closed transaction. The sale, facilitated by Aaron Sklar & Noah Birk of Kiser Group, took place on June 27, 2022. The property consists of a total of 52 units, with an average price per unit of $75,000. The total square footage of the property spans approximately 38,800 square feet, resulting in a price per square foot of $101.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Address: 6116 S Martin Luther King Dr
- Market: Washington Park, Chicago
Aaron Sklar & Noah Birk, representing Kiser Group, played a crucial role in facilitating this transaction. Their expertise and negotiation skills contributed to the successful sale of the multifamily property.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Noah Birk to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93