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8000 South Paxton Avenue, C...

Keller Williams Brokers Facilitate $1.8M Multifamily Sale In South Shore, Chicago
SOLDMultiFamily

Keller Williams Brokers Facilitate $1.8M Multifamily Sale In South Shore, Chicago

8000 South Paxton Avenue, Chicago, Illinois 60617, United States

$1,800,000

$100/SF

Building Size

18,000 SF

Asset Type

MultiFamily

Closing

Jun 27, 2022

AI

A multifamily property located at 8000 S Paxton Ave in South Shore, Chicago has recently been sold for $1,800,000. The property consists of 21 units, with an average price per unit of $85,714. The total square footage of the property is 18,000, resulting in a price per square foot of $100.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Address: 8000 S Paxton Ave
  • Market: South Shore, Chicago
  • Units: 21
  • Price per Unit: $85,714
  • Square Footage: 18,000
  • Price per Square Foot: $100

The sale of this multifamily property was facilitated through the efforts of two brokers. Tony Hardy from Keller Williams OneChicago and Robin Butler Connor from Keller Williams Elite represented the parties involved in the transaction.

Players

Anthony Hardy

Keller Williams Realty

Broker

$14.9M

vol

4 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93