Kiser Group Facilitates $740K Sale Of Multifamily Property In Bronzeville, Chicago
636 East 44th Street, Chicago, Illinois 60653, United States
$740,000
$115/SF
Building Size
6,400 SF
Asset Type
MultiFamily
Closing
Jun 14, 2022
AI
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.
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
21.44%
Cash-on-Cash
-6.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93