Kiser Group Brokers Sell Westridge Multifamily Property For $990K On N Richmond St
6147 North Richmond Street, Chicago, Illinois 60659, United States
$990,000
$180/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
AI
The multifamily property located at 6147 N Richmond St in Westridge, Chicago has been sold for a price of $990,000. The property consists of 5 units, with an average price per unit of $198,000. The total square footage of the property is 5,500, resulting in a price per square foot of $180.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $990,000
- Units: 5
- Price Per Unit: $198,000
- Square Footage: 5,500
- Price Per Square Foot: $180
- Address: 6147 N Richmond St, Westridge, Chicago
The sale of this property was facilitated by Matt Halper, Danny Mantis, and Jack Lambert from Kiser Group, who represented the parties 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
16.02%
Cash-on-Cash
-4.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93