Updated Nov 29, 2023
$5.5M Multifamily Sale In Chicago At 7350 S. Phillips Avenue With Kiser Group Brokers
7350 South Phillips Avenue, Chicago, IL, USA
$5,525,000
$810/SF
Building Size
6,815 SF
Asset Type
MultiFamily
Closing
Jan 10, 2021
About this deal
AI
A multifamily property located at 7350 S. Phillips Avenue in Chicago has been sold for a total of $5,525,000. The transaction took place on 01/11/2021. The property consists of 70 units, with a price per unit (PPU) of $78,928.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,525,000
- Units: 70
- Price Per Unit: $78,928
The sale was facilitated by Aaron Sklar and Noah Birk from Kiser Group, who acted as the brokers in the deal.
The multifamily sale at 7350 South Phillips Avenue, Chicago, IL, USA in Chicago, Illinois sold for $5.5M in 2021. Reported inventory is 6,815 square feet across 70 units, or about 810 per square foot. Noah Birk, Aaron Sklar, Kiser Group appear on the sale alongside Kiser Group. This page is the Chicago, Illinois file for the 7350 South Phillips Avenue, Chicago, IL, USA 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 7350 South Phillips Avenue, Chicago, IL, USA around 2021. Published consideration for 7350 South Phillips Avenue, Chicago, IL, USA is $5.5M, dated 2021. Cite this $5.5M Multifamily Sale In Chicago At 7350 S. Phillips Avenue With Kiser Group Brokers sale when underwriting similar multifamily product around Chicago, Illinois.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93