Chicago Real Estate Resources (CRER) Brokers $11.5M South Side Multi Family Sale On Instagram
741 East 79th Street, Chicago, Illinois 60619, United States
$11,475,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 21, 2022
AI
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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93