Updated Dec 21, 2023
Kiser Group Brokers Sell Multifamily Property In South Shore, Chicago For $3.6M
7419 South Colfax Avenue, Chicago, Illinois 60649, United States
$3,600,000
Units
29
Asset Type
MultiFamily
Closing
Sep 14, 2022
About this deal
AI
The multifamily property located at 7419 S Colfax Avenue in South Shore, Chicago, has been sold for $3,600,000. The transaction took place on September 15, 2022. The property consists of 29 units, with a price per unit of $124,137.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Units: 29
- Price per Unit: $124,137
- Market: South Shore, Chicago
The sale of this multifamily property was facilitated by Aaron Sklar and Noah Birk from Kiser Group.
The multifamily sale at 7419 South Colfax Avenue, Chicago, Illinois 60649, United States in Chicago, Illinois sold for $3.6M in 2022. Reported inventory is 29 units across 29 units. Noah Birk, Aaron Sklar, Kiser Group appear on the sale alongside Kiser Group. This page is the Chicago, Illinois file for the 7419 South Colfax Avenue, Chicago, Illinois 60649, United States 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 7419 South Colfax Avenue, Chicago, Illinois 60649, United States around 2022. Published consideration for 7419 South Colfax Avenue, Chicago, Illinois 60649, United States is $3.6M, dated 2022. Cite this Kiser Group Brokers Sell Multifamily Property In South Shore, Chicago For $3.6M sale when underwriting similar multifamily product around Chicago, Illinois.
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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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93