Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 7800 South Ridgeland Avenue, Chicago, Illinois 60649, United States in Chicago, Illinois sold for $1.2M in 2022. Reported inventory is 7,750 square feet across 13 units, or about 151 per square foot. Keisha Harrison, Matthew Neistat, At Properties Commercial, Sotheby's International Realty appear on the sale alongside At Properties Commercial, Sotheby's International Realty. This page is the Chicago, Illinois file for the 7800 South Ridgeland Avenue, Chicago, Illinois 60649, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 7800 South Ridgeland Avenue, Chicago, Illinois 60649, United States around 2022. Published consideration for 7800 South Ridgeland Avenue, Chicago, Illinois 60649, United States is $1.2M, dated 2022. Cite this Kbm Realty Acquires Multifamily Property In Chicago For $1.175M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
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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