Kbm Realty Acquires Multifamily Property In Chicago For $1.175M
SOLD
$1,175,000
Illinois
See Similar DealsMultiFamily7,750 SF
Sold 01/26/2022
SOLD
Kbm Realty Acquires Multifamily Property In Chicago For $1.175M
7800 South Ridgeland Avenue, Chicago, Illinois 60649, United States
See Similar DealsMultiFamily7,750 SF
Sold 01/26/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$151
Total Square Footage:7,750 SF
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
Is there something missing? Send suggestions