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7601 South Kingston Avenue,...

Chicago Real Estate Resources (CRER) Sells South Side Multifamily Portfolio For $5.9M
SOLDMultiFamily

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

Finley Askin

Matthews

Broker

$117.9M

vol

26 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

2.68%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93