Apartment Investment Advisers Acquires Multifamily Property On Chicago's N. Sheridan Road For $4.35M
7621 North Sheridan Road, Chicago, IL, USA
$4,350,000
$127/SF
Building Size
34,158 SF
Asset Type
MultiFamily
Closing
Jan 11, 2021
AI
A multifamily property located at 7621 N. Sheridan Road in Chicago has been sold for a total price of $4,350,000. The transaction took place on 01/12/2021 and was facilitated by Bill Cassin from Apartment Investment Advisers (AIA). This property consists of 30 units, with a price per unit (PPU) of $145,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Address: 7621 N. Sheridan Road
- Market: Chicago
- Broker: Bill Cassin - Apartment Investment Advisers (AIA)
- Units: 30
- PPU: $145,000
Bill Cassin from Apartment Investment Advisers (AIA) represented the parties involved in this transaction. This sale presents a significant investment opportunity in the Chicago market, providing a sizable multifamily property with a total of 30 units.
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93