Updated Dec 21, 2023
Kiser Group Facilitates $1.12M Sale Of Multifamily Property In Chatham, Chicago
8221 South Ellis Avenue, Chicago, Illinois 60619, United States
$1,120,000
$81/SF
Building Size
13,800 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
About this deal
AI
An multifamily property located at 8221 S Ellis Ave in Chatham, Chicago has been sold for a total price of $1,120,000. The property consists of 16 units, with an average price per unit of $70,000. The total square footage of the property is 13,800, resulting in a price per square foot of $81.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Units: 16
- Price per Unit: $70,000
- Square Footage: 13,800
- Price per Square Foot: $81
- Address: 8221 S Ellis Ave
- Market: Chatham, Chicago
The sale of the property was facilitated by Aaron Sklar & Noah Birk from Kiser Group. They represented the buyer and seller in this transaction.
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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93