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
Building Size
—
Asset Type
MultiFamily
Closing
Sep 14, 2022
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.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93