Updated Oct 28, 2024
Paper Street Realty Sells Multifamily Asset In Chatham, Chicago For $510,000 With Brokers Aaron Sklar & Noah Birk
8810 South Cottage Grove Avenue, South Side, Chicago, IL, USA
$510,000
$566/SF
Building Size
900 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
About this deal
AI
An 8-unit multifamily property located at 8810 S. Cottage Grove in Chatham, Chicago has been sold. The sale was facilitated by Aaron Sklar & Noah Birk of Kiser Group on behalf of the seller, Paper Street Realty. The transaction took place on 10/08/2021 with a sale price of $510,000, resulting in a per-unit price of $63,750.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $510,000
- Address: 8810 S. Cottage Grove
- Market: Chatham, Chicago
Aaron Sklar & Noah Birk of Kiser Group represented the seller, Paper Street Realty, in this sale.
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
31.10%
Cash-on-Cash
-8.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93