Updated Dec 19, 2023
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
About this deal
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.
On the Map
$4,925,000
$367/SF
MultiFamily
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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