Jonathan Rose Companies Acquires 167-Unit Multifamily Property In Chicago For $10.7M
SOLD
$10,700,000
Illinois
See Similar DealsMultiFamily
Sold 07/29/2022
SOLD
Jonathan Rose Companies Acquires 167-Unit Multifamily Property In Chicago For $10.7M
7000 South Eggleston Avenue, Chicago, Illinois 60621, United States
See Similar DealsMultiFamily
Sold 07/29/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$570,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51
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