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
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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93