Interra Realty Facilitates $925K Sale Of South Shore Multifamily Property
SOLD
$925,000
Illinois
See Similar DealsMultiFamily
Sold 04/14/2022
SOLD
Interra Realty Facilitates $925K Sale Of South Shore Multifamily Property
7770 South South Shore Drive, Chicago, Illinois 60649, United States
See Similar DealsMultiFamily
Sold 04/14/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 7770 S South Shore Dr in the South Shore neighborhood of Chicago has been sold for a price of $925,000. The sale was facilitated by brokers Ted Stratman and Lucas Fryman of Interra Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $925,000
- Date: 04/14/2022
- Address: 7770 S South Shore Dr
- Market: South Shore, Chicago
- Brokers: Ted Stratman & Lucas Fryman - Interra Realty
- Image: Ted Stratman & Lucas Fryman
Ted Stratman and Lucas Fryman, representing Interra Realty, were the brokers involved in the transaction. Their expertise and guidance helped facilitate the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,286.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,384.97
Annual Debt Service$52,619.66
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