Updated Dec 21, 2023
Interra Realty Brokers Sell Multifamily Property In Chicago For $1.5M
7818 South South Shore Drive, Chicago, Illinois 60649, United States
$1,515,000
Units
24
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
A multifamily property located at 7818-20 S. South Shore Dr in Chicago has been sold for $1,515,000. The property consists of 24 units and spans across 0.23 acres. The sale was facilitated by brokers Paul Waterloo, Patrick Kennelly, and Lucas Fryman from Interra Realty.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,515,000
- Address: 7818-20 S. South Shore Dr
- Market: Chicago
- Size: .23 acres
- Brokers: Paul Waterloo, Patrick Kennelly, and Lucas Fryman - Interra Realty
Paul Waterloo, Patrick Kennelly, and Lucas Fryman from Interra Realty played key roles in representing the involved parties in this transaction. Their expertise and negotiations contributed to the successful sale of the property.
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
10.47%
Cash-on-Cash
-2.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93