Updated Dec 20, 2023
Kiser Group Brokers Sell Multifamily Property In South Shore For $760,000
7754 S Colfax Ave, South Side, Chicago, IL, USA
$760,000
Units
13
Asset Type
MultiFamily
Closing
Dec 2, 2021
About this deal
AI
A multifamily property located at 7754 S. Colfax Ave in South Shore has been sold for a price of $760,000. The transaction took place on 12/02/2021 and was facilitated by brokers Aaron Sklar and Noah Birk from Kiser Group. The property consists of 13 units, with a price per unit of $58,462.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $760,000
- Units: 13
- Price per Unit: $58,462
- Address: 7754 S. Colfax Ave
- Market: South Shore
Aaron Sklar and Noah Birk from Kiser Group represented the parties involved in the 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
20.87%
Cash-on-Cash
-5.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93