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8624 South Houston Avenue, ...

Updated Dec 21, 2023

Kiser Group Represents Buyer And Seller In $415K South Chicago Multifamily Sale
SOLDMultiFamily

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

Aaron Sklar

Kiser Group

Broker

$111.1M

vol

66 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $86 per square foot on a published $415K for 4,800 square feet (2022).

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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

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