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7608 North Rogers Avenue, C...

Andy Friedman & Jake Parker Of Kiser Group Sell Multifamily Property In Rogers Park For $1.48M
SOLDMultiFamily

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

Andrew Friedman

Kiser Group

Broker

$131.5M

vol

20 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

10.72%

Cash-on-Cash

-3.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93