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
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