Marcus & Millichap Brokers Sell Multifamily Property In Chicago For $1.3M
SOLD
$1,325,000
Illinois
See Similar DealsMultiFamily
Sold
SOLD
Marcus & Millichap Brokers Sell Multifamily Property In Chicago For $1.3M
6820 South Prairie Avenue, Chicago, Illinois 60616, United States
See Similar DealsMultiFamily
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
An apartment complex located at 6820 S. Perry Ave. in Chicago has recently been sold for a total of $1,325,000. This multifamily property consists of 19 units, with an average price per unit of $69,737. The sale was facilitated by brokers James Ziegler and Keith Zelenika from Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Address: 6820 S. Perry Ave., Chicago
- Market: Chicago
- Units: 19
- Price per Unit: $69,737
James Ziegler and Keith Zelenika from Marcus & Millichap played a key role as brokers in facilitating the sale of this apartment complex. Their expertise and negotiation skills were instrumental in bringing together the buyer and the seller for a successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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