Updated Dec 21, 2023
Kiser Group Brokers Sell Marquette Park Multifamily For $2.1M
6321 South California Avenue, Chicago, Illinois 60629, United States
$2,100,000
$90/SF
Building Size
23,300 SF
Asset Type
MultiFamily
Closing
Apr 5, 2022
About this deal
AI
An multifamily property located at 6321 S California Ave in Marquette Park, Chicago recently sold for a price of $2,100,000. The property consists of 31 units, with a price per unit of $67,742. It has a total square footage of 23,300, resulting in a price per square foot of $90.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 6321 S California Ave, Marquette Park, Chicago
- Market: Marquette Park, Chicago
The brokers involved in this transaction were Aaron Sklar and Noah Birk from Kiser Group.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93