Chicago Real Estate Resources Acquires Multifamily Property In South Shore For $780,000
7501 South Jeffery Boulevard, Chicago, Illinois 60649, United States
$780,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 23, 2022
AI
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.
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
20.34%
Cash-on-Cash
-5.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93