Kiser Group Brokers Facilitate $4.9M Sale Of Lakeview Multifamily Property
SOLD
$4,925,000
Illinois
See Similar DealsMultiFamily13,400 SF
Sold 06/22/2022
SOLD
Kiser Group Brokers Facilitate $4.9M Sale Of Lakeview Multifamily Property
815 West Addison Street, Chicago, Illinois 60613, United States
See Similar DealsMultiFamily13,400 SF
Sold 06/22/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$367
Total Square Footage:13,400 SF
Transaction Type:Sale
The multifamily property located at 815 W Addison St in Lakeview, Chicago was recently sold for a total of $4,925,000. The transaction took place on June 22, 2022. This property consists of 16 units, resulting in a per unit price of approximately $307,813. The total square footage of the property is 13,400, with a price per square foot of $368.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,925,000
- Units: 16
- Price per Unit: $307,813
- Square Footage: 13,400
- Price per Square Foot: $368
The sale of this property was facilitated by Andy Friedman and Jake Parker of Kiser Group, who acted as the brokers for the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$262,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,497.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,347.01
Annual Debt Service$280,164.15
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