facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

6553 South Harvard Avenue, ...

Chicago Real Estate Resources, Inc Acquires Englewood Multifamily For $3.09M
SOLDMultiFamily

Chicago Real Estate Resources, Inc Acquires Englewood Multifamily For $3.09M

6553 South Harvard Avenue, Chicago, Illinois 60621, United States

$3,090,000

Building Size

Asset Type

MultiFamily

Closing

Jan 24, 2022

AI

The multifamily property located at 6553 S Harvard Ave in Englewood was recently sold for a total of $3,090,000. The sale took place on January 24, 2022. With a total of 44 units, the price per unit (PPU) was approximately $70,227. The transaction was facilitated by Nate Gautsche and Finley Askin of Chicago Real Estate Resources, Inc.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $3,090,000
  • Address: 6553 S Harvard Ave
  • Market: Englewood
  • Units: 44
  • Price per Unit (PPU): $70,227

Finley Askin and Nate Gautsche, representing Chicago Real Estate Resources, Inc, played a crucial role in facilitating this transaction. Their expertise and negotiation skills contributed to the successful sale of the property.

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

5.13%

Cash-on-Cash

-1.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93