Kiser Group Represents Buyer In $1.2M Multifamily Sale In Edgewater
SOLD
$1,225,000
Illinois
See Similar DealsMultiFamily6,400 SF
Sold
SOLD
Kiser Group Represents Buyer In $1.2M Multifamily Sale In Edgewater
6135 North Hermitage Avenue, Chicago, Illinois 60660, United States
See Similar DealsMultiFamily6,400 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$191
Total Square Footage:6400 SF
Transaction Type:Sale
The multifamily property located at 6135 N Hermitage Ave in Edgewater, Chicago has been sold for $1,225,000. This property consists of 11 units, with each unit having a per-unit price (PPU) of $111,364. The sale took place on April 19, 2022. Danny Logarakis from Kiser Group represented the buyer in this transaction, while Anthony Vorres from Axis Realty represented the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 6135 N Hermitage Ave, Edgewater, Chicago
- Market: Edgewater, Chicago
- Units: 11
- PPU: $111,364
Danny Logarakis from Kiser Group and Anthony Vorres from Axis Realty played key roles as the buyer's and seller's representatives, respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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