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Monarch Realty Partners Brokers $2.38M Multifamily Sale In Auburn Gresham, Chatham, And Englewood, Chicago

Property Image
SOLD
$2,380,000

Illinois

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MultiFamily
Sold 01/11/2023
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Property Image
SOLD

Monarch Realty Partners Brokers $2.38M Multifamily Sale In Auburn Gresham, Chatham, And Englewood, Chicago

8359 South Aberdeen Street, Chicago, Illinois 60620, United States

See Similar Deals
MultiFamily
Sold 01/11/2023
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 8359 S Aberdeen St, 618 E 79th St, and 735 W Garfield Blvd in Auburn Gresham, Chatham, and Englewood, Chicago was recently sold for a total of $2,380,000. This transaction took place on 01/11/2023. The property consists of 93 units, with a price per unit of $25,591.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,380,000
  • Units: 93
  • Price Per Unit: $25,591
  • Market: Auburn Gresham, Chatham, and Englewood, Chicago

The sale was facilitated by Robert Berman and Rudy Hancock of Monarch Realty Partners, who served as the brokers for the transaction. They successfully represented the buyers and sellers in the deal.

Players

Rudy Hancock
6 deals$7.6M volume
BROKER

Robert Berman
Nara Realty Advisors
21 deals$36.8M volume(312) 610-1704
BROKER

Details

SOLD
IMAGE: Robert Berman & Rudy Hancock DATE: 01/11/2023 ADDRESS: 8359 S Aberdeen St, 618 E 79th St & 735 W Garfield Blvd MARKET: Auburn Gresham, Chatham & Englewood, Chicago ASSET TYPE: Multifamily BROKERS: Robert Berman & Rudy Hancock - Monarch Realty Partners SALE PRICE: $2,380,000 UNITS: 93 ~ PPU: $25,591

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$126,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,455.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,282.41
Annual Debt Service$135,388.97