Updated Dec 19, 2023
Kevin Itima Acquires Multifamily Property In Auburn Gresham, Chicago For $490K
8259 S May St, South Side, Chicago, IL, USA
$490,000
$60/SF
Building Size
8,100 SF
Asset Type
MultiFamily
Closing
Jun 5, 2021
About this deal
AI
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.
On the Map
$490,000
$60/SF
MultiFamily
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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
32.37%
Cash-on-Cash
-9.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93