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
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