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7415 South Kimbark Avenue, ...

Updated Dec 21, 2023

Kiser Group Facilitates $2.75M Sale Of South Shore Multifamily Property
SOLDMultiFamily

Kiser Group Facilitates $2.75M Sale Of South Shore Multifamily Property

7415 South Kimbark Avenue, Chicago, Illinois 60619, United States

$2,750,000

Units

31

Asset Type

MultiFamily

Closing

Dec 17, 2021

About this deal

AI

Located in South Shore, Chicago, the multifamily property at 7415 S. Kimbark Ave has been sold in a recent transaction. The deal was facilitated by brokers Aaron Sklar and Noah Birk from Kiser Group. The sale took place on December 17, 2021, with a closing price of $2,750,000. The property comprises 31 units, resulting in a per unit price of approximately $88,710. This transaction marks Birk | Sklar's 70th multifamily apartment closing of 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,750,000
  • Address: 7415 S. Kimbark Ave
  • Market: South Shore
  • Brokers: Aaron Sklar & Noah Birk - Kiser Group
  • Units: 31

This successful transaction showcases the expertise and professionalism of the brokers, Aaron Sklar and Noah Birk. Their commitment to the real estate industry can be seen through their impressive track record of 70 multifamily apartment closings in 2021. With their knowledge of the South Shore market, they were able to facilitate the sale of this desirable multifamily property, resulting in a mutually beneficial deal for all parties involved.

Players

Aaron Sklar

Kiser Group

Broker

$111.1M

vol

66 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $88.7K per unit across 31 units on a published $2.8M (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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