Updated Dec 20, 2023
Kiser Group Brokers Sell Chatham Multifamily Property For $765K
956 East 85th Street, Chicago, Illinois 60619, United States
$765,000
$79/SF
Building Size
9,600 SF
Asset Type
MultiFamily
Closing
Mar 24, 2022
About this deal
AI
A multifamily property located at 956 E 85th St in Chatham, Chicago has recently been sold for a total price of $765,000. The property consists of 12 units, resulting in a price per unit (PPU) of $63,750. The total square footage of the property is 9,600, with a price per square foot (PPSF) of $80.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $765,000
- Units: 12
- Price per Unit: $63,750
- Square Footage: 9,600
- Price per Square Foot: $80
The sale of this multifamily property was facilitated by Aaron Sklar and Noah Birk from the Kiser Group brokerage. They represented the parties involved in the transaction and played a key role in successfully closing the deal.
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
20.74%
Cash-on-Cash
-5.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93