Kevin Itima Acquires Multifamily Property In Auburn Gresham, Chicago For $490K
SOLD
$490,000
Illinois
See Similar DealsMultiFamily8,100 SF
Sold
SOLD
Kevin Itima Acquires Multifamily Property In Auburn Gresham, Chicago For $490K
8259 S May St, South Side, Chicago, IL, USA
See Similar DealsMultiFamily8,100 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$60
Total Square Footage:8100 SF
Transaction Type:Sale
An apartment building located at 8259 S. May in the Auburn Gresham neighborhood of Chicago, Illinois was recently sold. The multifamily property, consisting of 12 units, was sold for a total price of $490,000. This translates to an average price per unit (PPU) of $40,833.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $490,000
- Units: 12
- PPU: $40,833
- Address: 8259 S. May
- Market: Auburn Gresham, Chicago, IL
The broker representing the sale of the property was Kevin Itima.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$26,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,740.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,322.85
Annual Debt Service$27,874.20
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