facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

6400 South Fairfield Avenue...

Multifamily Portfolio In South Side Chicago Sold For $3.8M With Broker Finley Askin - CRER
SOLDMultiFamily

Multifamily Portfolio In South Side Chicago Sold For $3.8M With Broker Finley Askin - CRER

6400 South Fairfield Avenue, Chicago, Illinois 60629, United States

$3,856,375

Building Size

Asset Type

MultiFamily

Closing

Mar 3, 2022

AI

A multifamily property in the South Side of Chicago has been sold for a price of $3,856,375. The property is located at 6400 S Fairfield Ave, 6355 S California, 7705 S Laflin, and 8600 S Paulina. It consists of 68 units, with a price per unit of $56,711.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,856,375
  • Address: 6400 S Fairfield Ave, 6355 S California, 7705 S Laflin, and 8600 S Paulina
  • Market: South Side, Chicago
  • Broker: Finley Askin - CRER (Chicago Real Estate Resources)
  • Units: 68
  • Price Per Unit: $56,711

The deal was facilitated by Finley Askin from CRER (Chicago Real Estate Resources), who represented the parties involved in the transaction. The sale of this multifamily property marks a significant milestone in the South Side real estate market, adding to the diverse portfolio of properties in the area.

Players

Finley Askin

Matthews

Broker

$117.9M

vol

26 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.11%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93