Marcus & Millichap Brokers Sell Multifamily Property In Chicago For $1.3M
6820 South Prairie Avenue, Chicago, Illinois 60616, United States
$1,325,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 27, 2022
AI
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.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93