Updated Dec 19, 2023
Chicago Multifamily Sold For $1.65M At 6800 S. Merrill Ave By Aaron Sklar & Noah Birk
6800 South Merrill Avenue, Chicago, IL 60649, USA
$1,650,000
$85/SF
Building Size
19,300 SF
Asset Type
MultiFamily
Closing
Apr 4, 2021
About this deal
AI
Chicago's multifamily property located at 6800 S. Merrill Ave has recently been sold for a total of $1,650,000. The transaction took place on 04/05/2021, and the property consists of 22 units, with a price per unit of $75,000. The sale was facilitated by brokers Aaron Sklar and Noah Birk.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 22
- Price per unit: $75,000
The sale of this multifamily property at 6800 S. Merrill Ave in Chicago demonstrates a successful transaction in the real estate market. Aaron Sklar and Noah Birk played a pivotal role as the brokers representing the parties involved in the deal. Their expertise and negotiation skills contributed to the smooth completion of the transaction.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Noah Birk to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93