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815 West Addison Street, Ch...

Kiser Group Brokers Facilitate $4.9M Sale Of Lakeview Multifamily Property
SOLDMultiFamily

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

Andrew Friedman

Kiser Group

Broker

$131.5M

vol

20 deals

Broker

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