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7641 South Saginaw Avenue, ...

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

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

Kyle Stengle

Marcus & Millichap

Broker

$198.4M

vol

44 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

15.83%

Cash-on-Cash

-4.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93