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Jerry Brown Purchases Multifamily Property At 7256 South Merrill Avenue For $1.125M With Seller's Rep Robert Berman & Jeremy DeMarco

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SOLD
$1,125,000

Illinois

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MultiFamily12,000 SF
Sold 11/10/2025
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Property Image
SOLD

Jerry Brown Purchases Multifamily Property At 7256 South Merrill Avenue For $1.125M With Seller's Rep Robert Berman & Jeremy DeMarco

7256 South Merrill Avenue

See Similar Deals
MultiFamily12,000 SF
Sold 11/10/2025
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$93
Total Square Footage:12,000 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 7256 South Merrill Avenue in Chicago. This asset has 12 units with a total square footage of 12,000. The sale price was $1,125,000, resulting in a price per unit of $93,750 and a price per square foot of $93.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,125,000
  • Units: 12
  • Square Footage: 12,000
  • Price Per Unit: $93,750
  • Price Per Square Foot: $93
  • Buyer: Jerry Brown
  • Seller: Rajesh Venkatachalam
  • Seller's Representative: Robert Berman & Jeremy DeMarco - Nara Realty Advisors
  • Date of Sale: 11/10/2025

This transaction highlights the involvement of Jerry Brown as the buyer and Rajesh Venkatachalam as the seller. The deal was represented by Robert Berman and Jeremy DeMarco from Nara Realty Advisors, effectively facilitating the transaction between both parties.

Players

Robert Berman
21 deals$36.8M volume(312) 610-1704
BROKER

Jeremy DeMarco
Nara Realty Advisors
10 deals$25.5M volume(312) 890-2232
BROKER

Nara Realty Advisors
BROKERAGE

Jerry Brown
2 deals$2.3M volume
BUYER

Details

SOLD
IMAGE: Robert Berman & Jeremy DeMarco DATE: 11/10/2025 ADDRESS: 7256 South Merrill Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: Jerry Brown SELLER: Rajesh Venkatachalam SELLER'S REP: Robert Berman & Jeremy DeMarco - Nara Realty Advisors SALE PRICE: $1,125,000 UNITS: 12 ~ PPU: $93,750 SF: 12,000 ~ PPSF: $93

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$60,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89