Chicago Real Estate Resources Acquires Multifamily Property In South Shore For $780,000
SOLD
$780,000
Illinois
See Similar DealsMultiFamily
Sold 02/24/2022
SOLD
Chicago Real Estate Resources Acquires Multifamily Property In South Shore For $780,000
7501 South Jeffery Boulevard, Chicago, Illinois 60649, United States
See Similar DealsMultiFamily
Sold 02/24/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
Located in South Shore, the multifamily property at 7501 S Jeffery Ave has recently been sold in a closed transaction. The sale was facilitated by Finley Askin of Chicago Real Estate Resources (CRER). The property consists of 18 units and was sold for a total price of $780,000, resulting in an average price per unit of $43,333.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $780,000
- Units: 18
- Price Per Unit: $43,333
Finley Askin, representing Chicago Real Estate Resources (CRER), played a key role in the successful completion of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$41,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,771.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,697.60
Annual Debt Service$44,371.18
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