Kiser Group Facilitates $740K Sale Of Multifamily Property In Bronzeville, Chicago
SOLD
$740,000
Illinois
See Similar DealsMultiFamily6,400 SF
Sold
SOLD
Kiser Group Facilitates $740K Sale Of Multifamily Property In Bronzeville, Chicago
636 East 44th Street, Chicago, Illinois 60653, United States
See Similar DealsMultiFamily6,400 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$115
Total Square Footage:6400 SF
Transaction Type:Sale
A multifamily property located at 636 E 44th St in Bronzeville, Chicago has been sold. The sale was facilitated by Danny Logarakis from Kiser Group. The transaction took place on 06/15/2022.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $740,000
- Number of Units: 6
- Price per Unit: $123,333
- Square Footage: 6,400
- Price per Square Foot: $116
- Market: Bronzeville, Chicago
Danny Logarakis from Kiser Group represented the parties involved in the deal. The property consists of 6 units and spans approximately 6,400 square feet. The sale price for the multifamily asset was $740,000, with each unit priced at $123,333. The property is situated in Bronzeville, Chicago.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$39,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,629.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,507.98
Annual Debt Service$42,095.73
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