Updated Dec 19, 2023
Thomas Family Sells Englewood Multifamily Property For $1M With Kiser Group Brokers
709 W Garfield Blvd, South Side, Chicago, IL, USA
$1,000,000
$37/SF
Building Size
27,000 SF
Asset Type
MultiFamily
Closing
Oct 22, 2021
About this deal
AI
The multifamily property located at 709 W. Garfield in Englewood has been sold for $1,000,000. The property, consisting of 24 units, was sold by the Thomas Family. The sale was facilitated by brokers Aaron Sklar & Noah Birk from Kiser Group. The price per unit for this transaction was approximately $41,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 709 W. Garfield
- Market: Englewood
Aaron Sklar & Noah Birk from Kiser Group played a crucial role as the brokers representing the Thomas Family in this sale.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93