Kiser Group Brokers Facilitate $4.9M Sale Of Lakeview Multifamily Property
815 West Addison Street, Chicago, Illinois 60613, United States
$4,925,000
$367/SF
Building Size
13,400 SF
Asset Type
MultiFamily
Closing
Jun 21, 2022
AI
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.
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
3.22%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93