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8359 South Aberdeen Street,...

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

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

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

$2,380,000

Building Size

Asset Type

MultiFamily

Closing

Jan 10, 2023

AI

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

Monarch Realty Partners

Broker

$7.6M

vol

6 deals

Broker

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

6.67%

Cash-on-Cash

-1.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93