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
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