Updated Dec 21, 2023
Kiser Group Represents Buyer And Seller In $415K South Chicago Multifamily Sale
8624 South Houston Avenue, Chicago, Illinois 60617, United States
$415,000
$86/SF
Building Size
4,800 SF
Asset Type
MultiFamily
Closing
Jun 2, 2022
About this deal
AI
The multifamily property located at 8624 S Houston Ave in South Chicago has been sold for $415,000. The property consists of 6 units, with a price per unit of $69,167. The total square footage of the property is 4,800, resulting in a price per square foot of $86. The transaction was facilitated by brokers Aaron Sklar and Noah Birk from Kiser Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $415,000
- Units: 6
- Price per Unit: $69,167
- Square Footage: 4,800
- Price per Square Foot: $86
- Address: 8624 S Houston Ave, South Chicago
- Market: South Chicago
- Brokers: Aaron Sklar & Noah Birk - Kiser Group
Aaron Sklar and Noah Birk from Kiser Group were the brokers involved in this transaction. They played a crucial role in facilitating the sale of the multifamily property at 8624 S Houston Ave in South Chicago for $415,000. The property consists of 6 units with a total square footage of 4,800. The price per unit was $69,167, and the price per square foot was $86.
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
38.22%
Cash-on-Cash
-10.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93