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
$1,480,000
$227/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Apr 25, 2022
AI
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.
Players
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
10.72%
Cash-on-Cash
-3.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93