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
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