Chicago Real Estate Resources (CRER) Brokers $11.5M South Side Multi Family Sale On Instagram
SOLD
$11,475,000
Illinois
See Similar DealsMultiFamily
Sold 02/22/2022
SOLD
Chicago Real Estate Resources (CRER) Brokers $11.5M South Side Multi Family Sale On Instagram
741 East 79th Street, Chicago, Illinois 60619, United States
See Similar DealsMultiFamily
Sold 02/22/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multi-family property located in the South Side of Chicago has been sold in a recent transaction. The property consists of 208 units and is situated at the following addresses: 741 E 79th St, 7850 S Cottage Grove, 7907 S Crandon, 9001 S Bishop, 9036 S Bishop, and 9355 S Laflin. The sale was facilitated by Finley Askin from Chicago Real Estate Resources (CRER), who represented the parties involved in the deal.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $11,475,000
- Units: 208
- Price Per Unit: $55,168
Finley Askin from Chicago Real Estate Resources (CRER) played a vital role as the broker in this transaction. Their expertise and negotiation skills helped facilitate the successful sale of this multi-family property in the South Side of Chicago.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$612,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,768.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,397.35
Annual Debt Service$652,768.25
Is there something missing? Send suggestions