Updated Dec 19, 2023
Chicago Multifamily Sells For $1.82M With Buyer's Rep Finley Askin And Seller's Rep Nate Gautsche
6825 South Perry Avenue, Chicago, Illinois 60621, United States
$1,825,000
$76/SF
Building Size
24,000 SF
Asset Type
MultiFamily
Closing
Jul 13, 2022
About this deal
AI
The property at 6825 S Perry Ave in Chicago has been sold. The transaction took place on July 14, 2022. The property is a multifamily asset with a total of 44 units. The sale price for the property was $1,825,000. The price per unit was approximately $41,477. The total square footage of the property is 24,000, with an average price per square foot of $76.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,825,000
- Units: 44
- Price Per Unit: $41,477
- Square Footage: 24,000
- Price Per Square Foot: $76
The buyer's representative in this transaction was Finley Askin from Chicago Real Estate Resources. The seller's representative was Nate Gautsche, also from Chicago Real Estate Resources.
On the Map
$1,825,000
$76/SF
MultiFamily
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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
8.69%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93