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Kiser Group Brokers Facilitate $3M Sale Of Multifamily Property In Jackson Park, Chicago

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SOLD
$3,000,000

Illinois

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MultiFamily25,600 SF
Sold 09/15/2022
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Property Image
SOLD

Kiser Group Brokers Facilitate $3M Sale Of Multifamily Property In Jackson Park, Chicago

6700 South Chappel Avenue

See Similar Deals
MultiFamily25,600 SF
Sold 09/15/2022
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$117
Total Square Footage:25,600 SF
Transaction Type:Sale

The multifamily property located at 6700 S Chappel Ave in Jackson Park, Chicago was recently sold. The transaction, facilitated by Aaron Sklar and Noah Birk of Kiser Group, closed on September 15, 2022. The property consists of 27 units, with a price-per-unit of $111,111. The total square footage of the property is 25,600, resulting in a price-per-square-foot of $117. The sale price for the property was $3,000,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 6700 S Chappel Ave, Jackson Park, Chicago
  • Market: Jackson Park, Chicago
  • Brokers: Aaron Sklar & Noah Birk - Kiser Group
  • Units: 27
  • Price Per Unit: $111,111
  • Square Footage: 25,600
  • Price Per Square Foot: $117

The sale of this multifamily property was successfully negotiated by Aaron Sklar and Noah Birk from Kiser Group. Their expertise in the market and their representation of the buyers or sellers played a crucial role in finalizing the deal. This transaction showcases the value of their services and the strength of their network.

Players

Aaron Sklar
66 deals$111.1M volume(312) 805-0902
BROKER

Noah Birk
Kiser Group
63 deals$101.2M volume
BROKER

Details

SOLD
IMAGE: Aaron Sklar & Noah Birk DATE: 09/15/2022 ADDRESS: 6700 S Chappel Ave MARKET: Jackson Park, Chicago ASSET TYPE: Multifamily BROKERS: Aaron Sklar & Noah Birk - Kiser Group (@KiserGroup) SALE PRICE: $3,000,000 UNITS: 27 ~ PPU: $111,111 SF: 25,600 ~ PPSF: $117

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
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