Updated Dec 21, 2023
Interra Realty Brokers Arrange Sale Of Multifamily Property In Marquette Park For $1.75M
6346-54 South Fairfield Avenue, South Side, Chicago, IL, USA
$1,750,000
$58/SF
Building Size
30,000 SF
Asset Type
MultiFamily
Closing
Oct 15, 2021
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 6346-54 S. Fairfield in Marquette Park. The property consists of 31 units with a total square footage of 30,000. The asking price for this property was $1,800,000, and it was sold for $1,750,000, resulting in a price per unit of $56,452 and a price per square foot of $58.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 6346-54 S. Fairfield
- Market: Marquette Park
- Units: 31
- Price Per Unit: $56,452
- Square Footage: 30,000
- Price Per Square Foot: $58
Ted Stratman, Paul Waterloo, Jeremy Morton, and Patrick Kennelly from Interra Realty acted as the brokers in this 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93