Updated Dec 20, 2023
Kiser Group Brokers Sell Multifamily Property In Chatham Chicago For $1.04M
8000 South Evans Avenue, Chicago, Illinois 60619, United States
$1,040,000
Units
16
Asset Type
MultiFamily
Closing
Jan 14, 2022
About this deal
AI
Located in Chatham, the multifamily property at 8000 S. Evans Ave recently changed hands in a closed transaction. The property features a total of 16 units, with a sale price of $1,040,000. This translates to an average price per unit (PPU) of $65,000. The transaction was facilitated by brokers Aaron Sklar & Noah Birk from Kiser Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,040,000
- Address: 8000 S. Evans Ave
- Market: Chatham
- Units: 16
- Price Per Unit (PPU): $65,000
Aaron Sklar & Noah Birk from Kiser Group played a crucial role in representing the parties involved in this multifamily property transaction. Their expertise and negotiation skills contributed to the successful completion of the deal.
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
15.25%
Cash-on-Cash
-4.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93