Kiser Group Brokers Facilitate $3M Sale Of Multifamily Property In Jackson Park, Chicago
6700 South Chappel Avenue
$3,000,000
$117/SF
Building Size
25,600 SF
Asset Type
MultiFamily
Closing
Sep 15, 2022
AI
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
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93