Updated Dec 21, 2023
Ann Kikas Of Kale Realty LLC Sells Multifamily Property In Chicago For $1.75M
9140 S Cottage Grove Ave, Chicago, IL, USA
$1,750,000
$72/SF
Building Size
24,150 SF
Asset Type
MultiFamily
Closing
Aug 4, 2021
About this deal
AI
An undisclosed multifamily property located at 9140 S Cottage Grove Ave in Chicago was recently sold for $1,750,000. The sale took place on 8/5/2021 and was facilitated by Ann Kikas of Kale Realty LLC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 9140 S Cottage Grove Ave, Chicago
- Market: Chicago
Ann Kikas, representing Kale Realty LLC, played a crucial role as the seller's representative in this transaction.
The multifamily sale at 9140 S Cottage Grove Ave, Chicago, IL, USA in Chicago, Illinois sold for $1.8M in 2021. The building is 24,150 square feet, implying about 72 per square foot on the published price. Named participants on the 9140 S Cottage Grove Ave, Chicago, IL, USA sale are Ann Kikas. This page is the Chicago, Illinois file for the 9140 S Cottage Grove Ave, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 9140 S Cottage Grove Ave, Chicago, IL, USA around 2021. Published consideration for 9140 S Cottage Grove Ave, Chicago, IL, USA is $1.8M, dated 2021. Cite this Ann Kikas Of Kale Realty LLC Sells Multifamily Property In Chicago For $1.75M sale when underwriting similar multifamily product around Chicago, Illinois.
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Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93