Kiser Group Brokers Sell Multifamily Property In South Shore, Chicago For $3.6M
SOLD
$3,600,000
Illinois
See Similar DealsMultiFamily
Sold 09/15/2022
SOLD
Kiser Group Brokers Sell Multifamily Property In South Shore, Chicago For $3.6M
7419 South Colfax Avenue, Chicago, Illinois 60649, United States
See Similar DealsMultiFamily
Sold 09/15/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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