Updated Oct 28, 2024
LaCrosse Management Sells South Shore Multifamily Property For $950,000
7716 South East End Avenue, Chicago, IL, USA
$950,000
$91/SF
Building Size
10,400 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
A multifamily property located at 7716 S. East End in the South Shore market has been sold for a price of $950,000. The property consists of 16 units, with a price per unit of $59,375. The sale was facilitated by Lacrosse Management, who acted as the seller in the transaction. The buyer was represented by Aaron Sklar & Noah Birk from Kiser Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $950,000
- Units: 16
- Price Per Unit: $59,375
- Seller: Lacrosse Management
- Brokers: Aaron Sklar & Noah Birk - Kiser Group
- Market: South Shore
- Date: 11/05/2021
- Address: 7716 S. East End
Aaron Sklar & Noah Birk, from Kiser Group, played a crucial role in the transaction as the brokers representing the buyer. Their expertise and negotiation skills were instrumental in the successful completion of the 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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93