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

Property Image
SOLD
$1,225,000

Illinois

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MultiFamily20,300 SF
Sold 08/25/2022
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Property Image
SOLD

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

9001 S Ashland Ave, Chicago, IL 60620, USA

See Similar Deals
MultiFamily20,300 SF
Sold 08/25/2022
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$60
Total Square Footage:20,300 SF
Transaction Type:Sale

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
6 deals$7.6M volume
BROKER

Robert Berman
Nara Realty Advisors
21 deals$36.8M volume(312) 610-1704
BROKER

Details

SOLD
IMAGE: Robert Berman & Rudy Hancock DATE: 08/25/2022 ADDRESS: 9001 S Ashland Ave MARKET: Brainerd, Chicago ASSET TYPE: Multifamily BROKERS: Robert Berman & Rudy Hancock - Monarch Realty Partners SALE PRICE: $1,225,000 UNITS: 26 ~ PPU: $47,115 SF: 20,300 ~ PPSF: $60

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
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