facebook
Traded Co logo
Submit

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

Property Image
SOLD
$4,915,000

Illinois

See Similar Deals
MultiFamily8,900 SF
Sold 03/11/2022
the dealplayerscompscontact
Property Image
SOLD

$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

See Similar Deals
MultiFamily8,900 SF
Sold 03/11/2022
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$552
Total Square Footage:8,900 SF
Transaction Type:Sale

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 (Andy) Friedman
20 deals$131.5M volume
BROKER

Jake Parker
Kiser Group
18 deals$116.9M volume
BROKER

Details

SOLD
IMAGE: Andy Friedman & Jake Parker DATE: 03/11/2022 ADDRESS: 924 W Newport Ave MARKET: Lakeview, Chicago ASSET TYPE: Multifamily BROKERS: Andy Friedman & Jake Parker - Kiser Group (@KiserGroup) SALE PRICE: $4,915,000 UNITS: 23 ~ PPU: $213,696 SF: 8,900 ~ PPSF: $552

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$262,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,461.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,299.61
Annual Debt Service$279,595.29