Updated Dec 20, 2023
Kiser Group Brokers Aaron Sklar & Noah Birk Facilitate $5.2M Sale Of Chatham Multifamily Property
7953 S Saint Lawrence Ave, Chicago, Illinois 60619, United States
$5,200,000
$73/SF
Building Size
70,900 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
A multifamily property located in Chatham, Chicago was recently sold for a total price of $5,200,000. The property consists of five buildings with addresses at 7851 S Indiana, 8157 S Martin Luther King, 8016 S Evans, 7942 S Champlain, and 7953 S St. Lawrence. The total square footage of the property is 70,900, and it includes a total of 97 units. The price per unit comes out to be $53,608, while the price per square foot is $73.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Market: Chatham, Chicago
- Brokers: Aaron Sklar & Noah Birk - Kiser Group
The transaction was facilitated by brokers Aaron Sklar and Noah Birk from Kiser Group. They represented the parties involved in the deal, ensuring a smooth transaction process. With their expertise and industry knowledge, Sklar and Birk successfully assisted in the sale of this multifamily 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93