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
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.
Players
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