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924 West Newport Avenue, Ch...

$4.9M Multifamily Sale In Lakeview, Chicago At 924 W Newport Ave With Andy Friedman & Jake Parker - Kiser Group
SOLDMultiFamily

$4.9M Multifamily Sale In Lakeview, Chicago At 924 W Newport Ave With Andy Friedman & Jake Parker - Kiser Group

924 West Newport Avenue, Chicago, Illinois 60657, United States

$4,915,000

$552/SF

Building Size

8,900 SF

Asset Type

MultiFamily

Closing

Mar 10, 2022

AI

Located in Lakeview, Chicago, this multifamily property at 924 W Newport Ave has recently been sold in a closed transaction. The sale was facilitated by brokers Andy Friedman and Jake Parker from Kiser Group. The transaction took place on March 11, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $4,915,000
  • Units: 23
  • Price Per Unit: $213,696
  • Square Feet: 8,900
  • Price Per Square Foot: $552
  • Market: Lakeview, Chicago

Andy Friedman and Jake Parker from Kiser Group played a crucial role as the brokers representing the parties involved in this transaction. The property spans across 8,900 square feet and consists of 23 units, resulting in a price per unit of $213,696. With a sale price of $4,915,000 and a price per square foot of $552, this multifamily property offers a promising investment opportunity in the Lakeview market.

Players

Andrew Friedman

Kiser Group

Broker

$131.5M

vol

20 deals

Broker

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

3.23%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93