Andy Friedman & Jake Parker Of Kiser Group Sell Multifamily Property In Rogers Park For $1.48M
SOLD
$1,480,000
Illinois
See Similar DealsMultiFamily6,500 SF
Sold 04/26/2022
SOLD
Andy Friedman & Jake Parker Of Kiser Group Sell Multifamily Property In Rogers Park For $1.48M
7608 North Rogers Avenue, Chicago, Illinois 60626, United States
See Similar DealsMultiFamily6,500 SF
Sold 04/26/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$227
Total Square Footage:6,500 SF
Transaction Type:Sale
The multifamily property located at 7608 N Rogers Ave in Rogers Park, Chicago, was recently sold for an impressive price of $1,480,000. This property consists of 11 units, with each unit having a price per unit (PPU) of $134,545. The total square footage of the property is 6,500, resulting in a price per square foot (PPSF) of $228.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,480,000
- Address: 7608 N Rogers Ave
- Market: Rogers Park, Chicago
- Units: 11
- PPU: $134,545
- SF: 6,500
- PPSF: $228
The sale of this property was facilitated by the brokers Andy Friedman and Jake Parker from Kiser Group, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,258.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,015.96
Annual Debt Service$84,191.46
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