Updated Dec 21, 2023
Sam Khouri Sells 6-Unit Multifamily In South Shore, Chicago For $540K
8103 South Luella Avenue, Chicago, IL 60617, USA
$540,000
$84/SF
Building Size
6,420 SF
Asset Type
MultiFamily
Closing
Oct 7, 2021
About this deal
AI
An apartment building located at 8103 S. Luella Ave in South Shore, Chicago was recently sold for $540,000. The multifamily property consists of 6 units, resulting in a price per unit of $90,000. The sale took place on October 7, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $540,000
- Units: 6
- Price per Unit: $90,000
- Address: 8103 S. Luella Ave, South Shore, Chicago
- Market: South Shore, Chicago
The seller of the property was Sam Khouri. The transaction was facilitated by Aaron Sklar and Noah Birk from Kiser Group who represented the seller as brokers in the deal.
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
29.38%
Cash-on-Cash
-8.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93