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7000 S Chappel Ave, Chicago...

Giancarlo Iannotta & Ashly Tucker Facilitate $3.1M Multifamily Sale In Jackson Park, Chicago
SOLDMultiFamily

Giancarlo Iannotta & Ashly Tucker Facilitate $3.1M Multifamily Sale In Jackson Park, Chicago

7000 S Chappel Ave, Chicago, IL 60649, USA

$3,085,000

$341/SF

Building Size

9,024 SF

Asset Type

MultiFamily

Closing

Oct 27, 2022

AI

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.

Players

Giancarlo Iannotta

Mo2 Properties

Broker

$16.1M

vol

8 deals

Broker

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

5.14%

Cash-on-Cash

-1.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93