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
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