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7908 S Ingleside Ave Chicag...

Essex Realty Group's Brian Mond Represents Buyer And Seller In $2.1M Sale Of MultiFamily Property On South Ingleside Ave In Chicago
SOLDMultiFamily

Essex Realty Group's Brian Mond Represents Buyer And Seller In $2.1M Sale Of MultiFamily Property On South Ingleside Ave In Chicago

7908 S Ingleside Ave Chicago, IL 60619, USA

$2,100,000

$61/SF

Building Size

34,272 SF

Asset Type

MultiFamily

Closing

Jun 29, 2023

AI

The multi-family property located at 7908 South Ingleside Avenue in Chicago has been sold. The property, consisting of 34 units, was sold for a price of $2,100,000. With a total square footage of 34,272, the price per square foot amounts to $61. The sale was facilitated by Brian Mond of Essex Realty Group, who represented both the buyer and the seller. The transaction attracted the attention of a local investor.

Summary of Transaction Details

  • Property Type: MultiFamily
  • Transaction Amount: $2,100,000
  • Units: 34
  • Price Per Unit: $61,765
  • Square Footage: 34,272
  • Price Per Square Foot: $61

Congratulations to Brian Mond and the Essex Realty Group, Inc. for successfully facilitating this sale. For further inquiries about this transaction or to learn more about the value of your current holdings, please reach out to Essex Realty Group, Inc.

Players

Brian Mond

33 Realty

Broker

$46.4M

vol

23 deals

Broker

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93