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7770 South South Shore Driv...

Interra Realty Facilitates $925K Sale Of South Shore Multifamily Property
SOLDMultiFamily

Interra Realty Facilitates $925K Sale Of South Shore Multifamily Property

7770 South South Shore Drive, Chicago, Illinois 60649, United States

$925,000

Building Size

Asset Type

MultiFamily

Closing

Apr 13, 2022

AI

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.

Players

Lucas Fryman

Interra Realty

Broker

$278.6M

vol

42 deals

Broker

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

17.15%

Cash-on-Cash

-4.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93