Updated Feb 16, 2024
Noah Birk & Aaron Sklar Of Kiser Group Sell Multifamily Property In Chicago For $1.4M
6754 South Cornell Avenue, Chicago, IL, USA & 6754 South Cornell Avenue, Chicago, IL, USA
$1,400,000
$63/SF
Building Size
11,000 SF
Asset Type
MultiFamily
Closing
Oct 1, 2020
About this deal
AI
The multifamily property located at 6754 S. Cornell Avenue in Chicago has been sold for $1,400,000. Spanning 11,000 square feet, the property was sold on 10/02/2020. The sale was facilitated by Noah Birk and Aaron Sklar of Kiser Group. The price per square foot for the transaction was $127.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Date: 10/02/2020
- Address: 6754 S. Cornell Avenue
- Market: Chicago
- Brokers: Noah Birk & Aaron Sklar - Kiser Group
- Square Footage: 11,000
- Price per Square Foot: $127
No additional details about the transaction were provided.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93