Updated Oct 28, 2024
Metro Property Group Sells South Shore Multifamily Property For $3.36M
7733 South South Shore Drive, Chicago, IL, USA
$3,363,000
$51,738/SF
Building Size
65 SF
Asset Type
MultiFamily
Closing
Sep 19, 2021
About this deal
AI
The multifamily property located at 7733 S South Shore Dr in South Shore has been sold by Metro Property Group. The transaction took place on 09/20/2021 for a sale price of $3,363,000. The property consists of 65 units, with a price per unit (PPU) of $51,738.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,363,000
- Address: 7733 S South Shore Dr
- Market: South Shore
- Seller: Metro Property Group
- Brokers: Finley Askin & Nate Gautsche - CRER (Chicago Real Estate Resources)
- Units: 65
- PPU: $51,738
Nate Gautsche and Finley Askin of CRER represented the seller, Metro Property Group, in this transaction.
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
4.72%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93