Updated Dec 21, 2023
Chicago Real Estate Resources (CRER) Brokers $4M South Side Multifamily Sale
7927-29 South Essex Avenue, Chicago, Illinois 60617, United States
$4,051,000
Units
59
Asset Type
MultiFamily
Closing
Dec 30, 2021
About this deal
AI
A multifamily property located at 7927-29 S Essex, 7937-49 S Essex, 8136-38 S Marshfield, 6701 S Peoria, 8207-09 S Ingleside, 8228-30 S Maryland, and 433 W 119th St on the South Side of Chicago has been sold. The property consists of 59 units and was sold for a total price of $4,051,000, resulting in an average price per unit of $68,661.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,051,000
- Units: 59
- Price Per Unit: $68,661
The deal was brokered by Finley Askin from Chicago Real Estate Resources (CRER).
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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93