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
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