Updated Dec 19, 2023
Brenda Hambright Sells Multifamily Property In Woodlawn, Chicago For $1.02M
6516 South Stony Island Avenue, Chicago, IL 60637
$1,020,000
$54/SF
Building Size
18,750 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
About this deal
AI
Located at 6516 S Stony Island Avenue, in the Woodlawn neighborhood of Chicago, this multifamily property was recently sold in a closed transaction. The property consists of 16 units, with a total square footage of 18,750. The sale price for this asset was $1,020,000, resulting in a price per unit of $63,750, and a price per square foot of $54. Brenda Hambright acted as the seller in this transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Units: 16
- Price per Unit: $63,750
- Total Square Footage: 18,750
- Price per Square Foot: $54
This sale was facilitated by the brokerage firm Marcus & Millichap, with Jack Stanton and Kyle Stengle representing both the buyer and the seller in the deal. They played crucial roles in ensuring a successful transaction.
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
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93