Updated Dec 21, 2023
Essex Realty Group Brokers $2.2M Sale Of 52-Unit Multifamily Property In Chicago
7748 South Kingston Avenue, Chicago, IL 60649
$2,230,000
$111/SF
Building Size
19,950 SF
Asset Type
MultiFamily
Closing
Apr 12, 2021
About this deal
AI
The sale of a multifamily property in Chicago has been completed at the address of 7748 South Kingston Avenue & 7400 South Chappel Avenue. The transaction was facilitated by Brian Mond of Essex Realty Group. The property consists of a total of 52 units, with a per unit price of $42,885, resulting in a total sale price of $2,230,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,230,000
- Market: Chicago
Brian Mond of Essex Realty Group played a key role as the broker in this transaction, ensuring a successful deal for all parties involved.
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
7.11%
Cash-on-Cash
-2.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93