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6700 South Chappel Avenue

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

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

Aaron Sklar

Kiser Group

Broker

$111.1M

vol

66 deals

Broker

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