Monarch Realty Partners Brokers Sale Of Brainerd Multifamily For $1.2M
SOLD
$1,225,000
Illinois
See Similar DealsMultiFamily20,300 SF
Sold 08/25/2022
SOLD
Monarch Realty Partners Brokers Sale Of Brainerd Multifamily For $1.2M
9001 South Ashland Avenue, Chicago, Illinois 60620, United States
See Similar DealsMultiFamily20,300 SF
Sold 08/25/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$60
Total Square Footage:20,300 SF
Transaction Type:Sale
An multifamily property located at 9001 S Ashland Ave in Brainerd, Chicago has been sold for a price of $1,225,000. 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.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 9001 S Ashland Ave
- Market: Brainerd, Chicago
- Brokers: Robert Berman & Rudy Hancock - Monarch Realty Partners
- Units: 26
- Price per Unit: $47,115
- Square Footage: 20,300
- Price per Square Foot: $60
The successful sale of this multifamily property was facilitated by the brokerage team of Robert Berman & Rudy Hancock from Monarch Realty Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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