Kiser Group Acquires 6-Unit Multifamily Property In Chicago Lawn For $330,000
6348 South Artesian Avenue, Chicago, Illinois 60629, United States
$330,000
$64/SF
Building Size
5,100 SF
Asset Type
MultiFamily
Closing
Apr 13, 2022
AI
The multifamily property located at 6348 S Artesian Ave in Chicago Lawn, Chicago has been sold in a recent transaction. The property, consisting of 6 units and spanning a total area of 5,100 square feet, was listed for sale in the market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $330,000
- Address: 6348 S Artesian Ave, Chicago Lawn, Chicago
- Market: Chicago Lawn, Chicago
The deal was facilitated by brokers Aaron Sklar, Noah Birk, and Jack Petrando from Kiser Group. They represented the parties involved in the transaction, ensuring a successful sale.
The sale price for the property was $330,000, resulting in a per unit price of $55,000. With a total area of 5,100 square feet, the price per square foot amounted to $65.
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
48.07%
Cash-on-Cash
-13.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93