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Marcus & Millichap Facilitates $1.002M Sale Of Multifamily Property In Chicago

Property Image
SOLD
$1,002,000

Illinois

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MultiFamily12,000 SF
Sold 09/07/2022
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Property Image
SOLD

Marcus & Millichap Facilitates $1.002M Sale Of Multifamily Property In Chicago

7641 South Saginaw Avenue, Chicago, Illinois 60617, United States

See Similar Deals
MultiFamily12,000 SF
Sold 09/07/2022
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$83
Total Square Footage:12,000 SF
Transaction Type:Sale

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

Kyle Stengle
43 deals$195.9M volume
BROKER

Jack Stanton
Marcus & Millichap
18 deals$54.6M volume
BROKER

Details

SOLD
IMAGE: Kyle Stengle & Jack Stanton DATE: 09/07/2022 ADDRESS: 7641 S Saginaw Ave MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Jack Stanton (@Jack.Stanton2) & Kyle Stengle - Marcus & Millichap (@MarcusMillichap_Chicago) SALE PRICE: $1,002,000 UNITS: 17 ~ PPU: $58,941 SF: 12,000 ~ PPSF: $84

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,440.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,559.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,749.99
Annual Debt Service$56,999.89