Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,225,000
$60/SF
MultiFamily
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Boundary boundary · MultiFamily · Sale transactions
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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