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6147 North Richmond Street,...

Kiser Group Brokers Sell Westridge Multifamily Property For $990K On N Richmond St
SOLDMultiFamily

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

Matt Halper

Kiser Group

Broker

$47.8M

vol

13 deals

Broker

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