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7503 S Yates Blvd, Chicago, IL

Monarch Realty Partners Facilitates $950K Sale Of Multifamily Property In South Shore, Chicago
SOLDMultiFamily

Monarch Realty Partners Facilitates $950K Sale Of Multifamily Property In South Shore, Chicago

7503 S Yates Blvd, Chicago, IL

$950,000

$36/SF

Building Size

26,300 SF

Asset Type

MultiFamily

Closing

Nov 17, 2022

AI

Located at 7503 S Yates Blvd in South Shore, Chicago, IL, this multifamily property was recently sold in a closed transaction. The property spans across 26,300 square feet and consists of 34 units, offering an average price per unit of $27,941. The sale price for this multifamily asset was $950,000, resulting in a price per square foot of $36.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $950,000
  • Units: 34
  • Price per Unit: $27,941
  • Square Footage: 26,300
  • Price per Square Foot: $36
  • Address: 7503 S Yates Blvd, South Shore, Chicago, IL
  • Market: South Shore, Chicago, IL

The transaction was facilitated by Robert Berman & Rudy Hancock from Monarch Realty Partners, who represented the involved parties in the deal.

Players

Rudy Hancock

Monarch Realty Partners

Broker

$7.6M

vol

6 deals

Broker

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

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93