Multifamily Portfolio In South Side Chicago Sold For $3.8M With Broker Finley Askin - CRER
SOLD
$3,856,375
Illinois
See Similar DealsMultiFamily
Sold 03/04/2022
SOLD
Multifamily Portfolio In South Side Chicago Sold For $3.8M With Broker Finley Askin - CRER
6400 South Fairfield Avenue, Chicago, Illinois 60629, United States
See Similar DealsMultiFamily
Sold 03/04/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,673.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,700.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,281.18
Annual Debt Service$219,374.22
Is there something missing? Send suggestions