Marcus & Millichap Facilitates $1.002M Sale Of Multifamily Property In Chicago
7641 South Saginaw Avenue, Chicago, Illinois 60617, United States
$1,002,000
$83/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Sep 6, 2022
AI
A multifamily property located at 7641 S Saginaw Ave in Chicago was recently sold in a closed transaction. The property consists of 17 units, with a price per unit of $58,941. The total square footage of the property is 12,000, and the price per square foot is $84. The sale price for the property was $1,002,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,002,000
- Units: 17
- Price per Unit: $58,941
- Square Footage: 12,000
- Price per Square Foot: $84
The deal was facilitated by brokers Jack Stanton and Kyle Stengle from Marcus & Millichap. They represented the parties involved in the transaction, ensuring a successful sale of the property.
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
15.83%
Cash-on-Cash
-4.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93