Updated Dec 20, 2023
Kiser Group Represents Sale Of Multifamily Property In Marquette Park For $2.7M
7146 South Claremont Avenue, Chicago, Illinois 60636, United States
$2,675,000
$86/SF
Building Size
31,000 SF
Asset Type
MultiFamily
Closing
Jun 12, 2022
About this deal
AI
A multifamily property located at 7146 S Claremont, 2164 W Marquette, 7256 S Artesian & 2448 W 68th in Marquette Park, Chicago has been sold for a total price of $2,675,000. The property consists of 42 units with an average price per unit of $63,690. Spanning across 31,000 square feet, the property has a price per square foot of $86.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,675,000
- Address: 7146 S Claremont, 2164 W Marquette, 7256 S Artesian & 2448 W 68th
- Market: Marquette Park, Chicago
- Units: 42
- Price per Unit: $63,690
- Square Footage: 31,000
- Price per Square Foot: $86
Aaron Sklar & Noah Birk from Kiser Group served as the brokers in this transaction.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93