Chicago Multifamily Sells For $1.82M With Buyer's Rep Finley Askin And Seller's Rep Nate Gautsche
SOLD
$1,825,000
Illinois
See Similar DealsMultiFamily24,000 SF
Sold 07/14/2022
SOLD
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
See Similar DealsMultiFamily24,000 SF
Sold 07/14/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$76
Total Square Footage:24,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$97,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,483.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,651.43
Annual Debt Service$103,817.17
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