Kiser Group Represents Buyer In $1.2M Multifamily Sale In Edgewater
6135 North Hermitage Avenue, Chicago, Illinois 60660, United States
$1,225,000
$191/SF
Building Size
6,400 SF
Asset Type
MultiFamily
Closing
Apr 18, 2022
AI
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.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93