Jonathan Rose Companies Acquires 167-Unit Multifamily Property In Chicago For $10.7M
7000 South Eggleston Avenue, Chicago, Illinois 60621, United States
$10,700,000
Units
167
Asset Type
MultiFamily
Closing
Jul 28, 2022
AI
The multifamily property located at 7000 S Eggleston Ave in Chicago has been sold for a total price of $10,700,000. The transaction took place on 07/29/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,700,000
- Address: 7000 S Eggleston Ave, Chicago
- Market: Chicago
- Buyer: Jonathan Rose Companies - Nathan D. Taft; Deonna & Steve Thomas - 5T Management
- Seller: Chicago Community Development Corporation
The buyer's representatives in this deal were Nathan D. Taft from Jonathan Rose Companies and Deonna & Steve Thomas from 5T Management. The seller involved in the transaction is the Chicago Community Development Corporation.
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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93