Kbm Realty Acquires Multifamily Property In Chicago For $1.175M
7800 South Ridgeland Avenue, Chicago, Illinois 60649, United States
$1,175,000
$151/SF
Building Size
7,750 SF
Asset Type
MultiFamily
Closing
Jan 25, 2022
AI
The multifamily property located at 7800 S Ridgeland Ave in Chicago has been sold for $1,175,000. The transaction took place on January 19, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Units: 13
- Price per Unit: $90,385
- Lot Size: 7,750 square feet
- Price per Square Foot: $152
The buyer's representative in this deal was Keisha Harrison from Kbm Realty, while the seller's representative was Matthew Neistat from Jameson Sotheby's International Realty.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93