Updated Jan 30, 2024
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
About this deal
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.
On the Map
$925,000
MultiFamily
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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
17.15%
Cash-on-Cash
-4.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93