Updated Dec 21, 2023
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
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93