Chicago Real Estate Resources (CRER) Sells South Side Multifamily Portfolio For $5.9M
7601 South Kingston Avenue, Chicago, Illinois 60649, United States
$5,915,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 23, 2022
AI
A multifamily property located in the South Side of Chicago was recently sold for a total of $5,915,000. The sale included six buildings with the following addresses: 7601 S Kingston, 7001 S Aberdeen, 1614 W 66th, 8956 S Escanaba, 7002 S Stewart, and 5607 S Green. The property consists of 105 units, making the price per unit $56,333.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $5,915,000
- Address: 7601 S Kingston, 7001 S Aberdeen, 1614 W 66th, 8956 S Escanaba, 7002 S Stewart, 5607 S Green
- Market: South Side
- Units: 105
- Price per Unit: $56,333
The sale was facilitated by Finley Askin from Chicago Real Estate Resources (CRER). As the broker representative, Finley played a crucial role in the 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
2.68%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93