Updated Oct 29, 2024
S. Porter Acquires Multifamily Property In Chicago For $1.3M
7855 South Escanaba Avenue, Chicago, IL, USA
$1,300,000
$48/SF
Building Size
27,000 SF
Asset Type
MultiFamily
Closing
Jan 28, 2021
About this deal
AI
The multifamily property located at 7855 S. Escanaba in Chicago was recently sold for $1,300,000. The property spans 27,000 square feet, resulting in a price per square foot of $48. The sale was completed on January 29, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 7855 S. Escanaba
- Market: Chicago
S. Porter purchased the property from Moher Properties. The brokers, Aaron Sklar & Noah Birk, represented both the buyer and seller in the transaction.
The multifamily sale at 7855 South Escanaba Avenue, Chicago, IL, USA in Chicago, Illinois sold for $1.3M in 2021. The building is 27,000 square feet, implying about 48 per square foot on the published price. Noah Birk, Aaron Sklar, Kiser Group appear on the sale alongside Kiser Group. This page is the Chicago, Illinois file for the 7855 South Escanaba Avenue, Chicago, IL, USA 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 7855 South Escanaba Avenue, Chicago, IL, USA around 2021. Published consideration for 7855 South Escanaba Avenue, Chicago, IL, USA is $1.3M, dated 2021. Cite this S. Porter Acquires Multifamily Property In Chicago For $1.3M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
Chicago MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93