Monarch Realty Partners Brokers Sale Of Brainerd Multifamily For $1.2M
9001 South Ashland Avenue, Chicago, Illinois 60620, United States
$1,225,000
$60/SF
Building Size
20,300 SF
Asset Type
MultiFamily
Closing
Aug 24, 2022
AI
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.
Players
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