Updated Dec 21, 2023
Apartment Investment Advisers (AIA) Sells 29-Unit Multifamily Property In Chicago
8301 South Green Street, Chicago, IL, USA
$1,305,000
$104/SF
Building Size
12,500 SF
Asset Type
MultiFamily
Closing
Dec 20, 2020
About this deal
AI
The multifamily property located at 8301 S. Green Street in Chicago was recently sold on 12/21/2020 for a price of $1,305,000. The sale was facilitated by Jack Cassin from Apartment Investment Advisers (AIA). The property consists of 29 units, with a price per unit (PPU) of $45,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,305,000
- Units: 29
- Price per Unit (PPU): $45,000
- Broker: Jack Cassin - Apartment Investment Advisers (AIA)
Jack Cassin from AIA played a key role in this transaction, representing the buyer or seller. Their expertise in the Chicago market contributed to the successful sale of this multifamily property.
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
12.16%
Cash-on-Cash
-3.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93