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

Property Image
SOLD
$1,800,000

Illinois

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MultiFamily18,000 SF
Sold 06/28/2022
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily18,000 SF
Sold 06/28/2022
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$100
Total Square Footage:18,000 SF
Transaction Type:Sale

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 (Tony) Hardy
4 deals$14.9M volume(773) 575-6082
BROKER

Robin Butler Connor
Keller Williams Realty
1 deal$1.8M volume
BROKER

Details

SOLD
IMAGE: Tony Hardy & Robin Butler Connor DATE: 06/28/2022 ADDRESS: 8000 S Paxton Ave MARKET: South Shore, Chicago ASSET TYPE: Multifamily BROKERS: Tony Hardy - Keller Williams OneChicago & Robin Butler Connor - Keller Williams Elite SALE PRICE: $1,800,000 UNITS: 21 ~ PPU: $85,714 SF: 18,000 ~ PPSF: $100

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02