Monarch Realty Partners Facilitates $877.5K Sale Of 18-Unit Multifamily Property In Chatham, Chicago
SOLD
$877,500
Illinois
See Similar DealsMultiFamily16 SF
Sold 04/11/2022
SOLD
Monarch Realty Partners Facilitates $877.5K Sale Of 18-Unit Multifamily Property In Chatham, Chicago
8003 South Ingleside Avenue, Chicago, Illinois 60619, United States
See Similar DealsMultiFamily16 SF
Sold 04/11/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$54,843
Total Square Footage:16 SF
Transaction Type:Sale
A multifamily property located at 8003 S Ingleside Ave in Chatham, Chicago has been sold for $877,500. The sale, which took place on 11/04/2022, involved a total of 18 units with a price per unit (PPU) of $48,750. The property spans 16,608 square feet, resulting in a price per square foot (PPSF) of $53.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $877,500
- Units: 18
- PPU: $48,750
- Square Feet: 16,608
- PPSF: $53
- Address: 8003 S Ingleside Ave, Chatham, Chicago
The sale of this multifamily property was handled by Robert Berman & Rudy Hancock from Monarch Realty Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$46,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,117.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,159.80
Annual Debt Service$49,917.57
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