Kiser Group Acquires 6-Unit Multifamily Property In Chicago Lawn For $330,000
SOLD
$330,000
Illinois
See Similar DealsMultiFamily5,100 SF
Sold 04/14/2022
SOLD
Kiser Group Acquires 6-Unit Multifamily Property In Chicago Lawn For $330,000
6348 South Artesian Avenue, Chicago, Illinois 60629, United States
See Similar DealsMultiFamily5,100 SF
Sold 04/14/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$64
Total Square Footage:5,100 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$17,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,172.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,564.37
Annual Debt Service$18,772.42
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