Updated Dec 18, 2023
Interra Realty Brokers Sell Chicago Multifamily Property On S. Bennett Ave. For $1.29M
7245 South Bennett Avenue, Chicago, IL 60649
$1,290,000
$326/SF
Building Size
3,953 SF
Asset Type
MultiFamily
Closing
Nov 12, 2021
About this deal
AI
The multifamily property located at 7245 S. Bennett Ave. in Chicago has been sold for $1,290,000. The transaction took place on November 12, 2021. The property consists of 19 units, resulting in a price per unit of $67,895.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,290,000
- Address: 7245 S. Bennett Ave.
- Market: Chicago
- Units: 19
- Price per Unit: $67,895
The sale was facilitated by brokers Ted Stratman and Jeremy Morton from Interra Realty.
The multifamily sale at 7245 South Bennett Avenue, Chicago, IL 60649 in Chicago, Illinois sold for $1.3M in 2021. Reported inventory is 3,953 square feet across 19 units, or about 326 per square foot. Ted Stratman, Jeremy Morton, Interra Realty appear on the sale alongside Interra Realty. This page is the Chicago, Illinois file for the 7245 South Bennett Avenue, Chicago, IL 60649 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 7245 South Bennett Avenue, Chicago, IL 60649 around 2021. Published consideration for 7245 South Bennett Avenue, Chicago, IL 60649 is $1.3M, dated 2021. Cite this Interra Realty Brokers Sell Chicago Multifamily Property On S. Bennett Ave. For $1.29M sale when underwriting similar multifamily product around Chicago, Illinois.
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
12.30%
Cash-on-Cash
-3.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93