Monarch Realty Partners Facilitates $877.5K Sale Of 18-Unit Multifamily Property In Chatham, Chicago
8003 South Ingleside Avenue, Chicago, Illinois 60619, United States
$877,500
$54,843/SF
Building Size
16 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
AI
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.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.08%
Cash-on-Cash
-5.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93