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9001 S Ashland Ave, Chicago...

Monarch Realty Partners Facilitates $1.2M Sale Of Multifamily Property In Brainerd, Chicago
SOLDMultiFamily

Monarch Realty Partners Facilitates $1.2M Sale Of Multifamily Property In Brainerd, Chicago

9001 S Ashland Ave, Chicago, IL 60620, USA

$1,225,000

$60/SF

Building Size

20,300 SF

Asset Type

MultiFamily

Closing

Aug 25, 2022

AI

A multifamily property located at 9001 S Ashland Ave in the Brainerd neighborhood of Chicago has been sold. The property consists of 26 units, with an average price per unit of $47,115. The total square footage of the property is 20,300, with a price per square foot of $60. The sale price for this transaction was $1,225,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,225,000
  • Units: 26
  • Price per unit: $47,115
  • Square Footage: 20,300
  • Price per square foot: $60

The sale of this multifamily property was facilitated by the brokers Robert Berman and Rudy Hancock from Monarch Realty Partners. They represented the parties involved in the transaction and helped facilitate a successful deal.

Players

Rudy Hancock

Monarch Realty Partners

Broker

$7.6M

vol

6 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.95%

Cash-on-Cash

-3.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93