$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
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