Kiser Group Represents Sale Of 26-Unit Multifamily In South Shore, Chicago For $1.775M
7700 South Jeffery Boulevard
$1,775,000
$105/SF
Building Size
16,900 SF
Asset Type
MultiFamily
Closing
Aug 25, 2022
AI
Located at 7700 S Jeffery Blvd in the South Shore neighborhood of Chicago, this multifamily property was recently sold in a closed transaction. The property consists of 26 units, with an average per unit price of $68,269. The total square footage is 16,900, resulting in a price per square foot of $105. The sale price for this transaction was $1,775,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,775,000
- Units: 26
- Price per Unit: $68,269
- Square footage: 16,900
- Price per Square Foot: $105
- Address: 7700 S Jeffery Blvd
- Market: South Shore, Chicago
The sale of this property was facilitated by Aaron Sklar and Noah Birk from Kiser Group. They represented the parties involved in this transaction as the brokers for this deal.
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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93