Updated Dec 19, 2023
Kiser Group Realty Inc Brokers Sell Chicago Multifamily Property For $1,175,000
7341 S Yale Ave, Chicago, IL, USA
$1,175,000
$53,409/SF
Building Size
22 SF
Asset Type
MultiFamily
Closing
Apr 27, 2021
About this deal
AI
Located at 7341 S Yale Ave in Chicago, this multifamily property was recently sold on April 28, 2021. The transaction was facilitated by brokers Aaron Sklar and Noah Birk from Kiser Group Realty Inc. The property consists of 22 units, with a price per unit of $53,409, resulting in a total sale price of $1,175,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 7341 S Yale Ave, Chicago
- Market: Chicago
- Brokers: Aaron Sklar & Noah Birk - Kiser Group Realty Inc
- Units: 22
- Price per Unit: $53,409
This successful sale demonstrates the value and attractiveness of the multifamily market in Chicago. With skilled representation from Aaron Sklar and Noah Birk of Kiser Group Realty Inc, the transaction was executed smoothly and resulted in a favorable price per unit. The buyer can look forward to a promising investment in this multifamily property.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93