Updated Dec 18, 2023
Kiser Group Sells 6-Unit Multifamily Property In Brainerd, Chicago For $485,000
9230 South Bishop Street, Chicago, Illinois 60620, United States
$485,000
$89/SF
Building Size
5,400 SF
Asset Type
MultiFamily
Closing
Jan 31, 2022
About this deal
AI
Located at 9230 S Bishop St in Brainerd, Chicago, this multifamily property was recently sold for a sale price of $485,000. With a total of 6 units and a square footage of 5,400, the price per unit stands at approximately $80,833, while the price per square foot is around $90.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $485,000
- Units: 6
- Price Per Unit: $80,833
- Square Footage: 5,400
- Price Per Square Foot: $90
The sale of this property was facilitated by Aaron Sklar & Noah Birk from Kiser Group. They represented the buyer and seller in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
32.71%
Cash-on-Cash
-9.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93