Giancarlo Iannotta & Ashly Tucker Facilitate $3.1M Multifamily Sale In Jackson Park, Chicago
SOLD
$3,085,000
Illinois
See Similar DealsMultiFamily9,024 SF
Sold 10/27/2022
SOLD
Giancarlo Iannotta & Ashly Tucker Facilitate $3.1M Multifamily Sale In Jackson Park, Chicago
7000 S Chappel Ave, Chicago, IL 60649, USA
See Similar DealsMultiFamily9,024 SF
Sold 10/27/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$341
Total Square Footage:9,024 SF
Transaction Type:Sale
A multifamily property located at 7000-08 S Chappel Ave in Jackson Park, Chicago, IL, has been sold for a total price of $3,085,000. The property consists of 26 units with an average price per unit of $118,654. It spans across 9,024 square feet, resulting in a price per square foot of $342.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,085,000
- Units: 26
- Price per Unit: $118,654
- Square Footage: 9,024
- Price per Square Foot: $342
Ashly Tucker of brealtychimil represented the buyer in this transaction, while Giancarlo Iannotta of o2properties represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$164,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,960.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,624.47
Annual Debt Service$175,493.69
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