Updated Dec 21, 2023
Jack Stanton & Kyle Stengle - Marcus & Millichap Sell Multifamily Property In Chicago For $1.95M
8001 South Eberhart Avenue, Chicago, IL 60619
$1,950,000
$55/SF
Building Size
35,000 SF
Asset Type
MultiFamily
Closing
Jan 6, 2022
About this deal
AI
A multifamily property located at 8001 S Eberhart Avenue & 8201 S Paulina Street in Chicago has been sold for a price of $1,950,000. The property consists of 39 units, with an average price per unit of $50,000. The total square footage is 35,000, resulting in a price per square foot of $56.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 8001 S Eberhart Avenue & 8201 S Paulina Street
- Market: Chicago
The sale of this multifamily property was facilitated by the brokers Jack Stanton and Kyle Stengle from Marcus & Millichap.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93