Updated Dec 21, 2023
Aaron Sklar & Noah Birk Of Kiser Group Sell South Shore Multifamily For $2.7M
7600 South South Shore Drive, Chicago, Illinois 60649, United States
$2,700,000
Units
39
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
The multifamily property located at 7600 S. South Shore Drive in South Shore has been sold for a price of $2,700,000. The transaction took place on January 27, 2022. The property consists of 39 units, with a price per unit of $69,231.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 7600 S. South Shore Drive
- Market: South Shore
- Brokers: Aaron Sklar & Noah Birk - Kiser Group
- Units: 39
- Price Per Unit: $69,231
The sale of this multifamily property was facilitated by brokers Aaron Sklar and Noah Birk of Kiser Group. They represented the parties involved in the transaction, ensuring a smooth and successful deal.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Noah Birk to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93