Updated Dec 21, 2023
Interra Realty Brokers $1.75M Sale Of Multifamily Property In Marquette Park, Chicago
6346 S Fairfield Ave, South Side, Chicago, IL, USA
$1,750,000
$478/SF
Building Size
3,654 SF
Asset Type
MultiFamily
Closing
Nov 12, 2021
About this deal
AI
A multifamily property located at 6346 S. Fairfield Ave. in Marquette Park, Chicago, has been sold for $1,750,000. The property consists of 31 units, with a price per unit of $56,452.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 6346 S. Fairfield Ave.
- Market: Marquette Park, Chicago
- Units: 31
- PPU: $56,452
The brokers involved in the deal were Ted Stratman, Jeremy Morton, Patrick Kennelly, and Paul Waterloo from Interra Realty.
The multifamily sale at 6346 S Fairfield Ave, South Side, Chicago, IL, USA in Chicago, Illinois sold for $1.8M in 2021. Reported inventory is 3,654 square feet across 31 units, or about 478 per square foot. Paul Waterloo, Patrick (Pat) Kennelly, Ted Stratman, Jeremy Morton appear on the sale alongside Interra Realty. This page is the Chicago, Illinois file for the 6346 S Fairfield Ave, South Side, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 6346 S Fairfield Ave, South Side, Chicago, IL, USA around 2021. Published consideration for 6346 S Fairfield Ave, South Side, Chicago, IL, USA is $1.8M, dated 2021. Cite this Interra Realty Brokers $1.75M Sale Of Multifamily Property In Marquette Park, Chicago sale when underwriting similar multifamily product around Chicago, Illinois.
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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