Chicago Multifamily Property At 5550 South Dorchester Avenue Sold With Essex Realty Group
SOLD
Illinois
See Similar DealsMultiFamily81,351 SF
Sold
SOLD
Chicago Multifamily Property At 5550 South Dorchester Avenue Sold With Essex Realty Group
5550 South Dorchester Avenue
See Similar DealsMultiFamily81,351 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Total Square Footage:81,351 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 5550 South Dorchester Avenue in Chicago. The asset encompasses a total square footage of 81,351 and consists of 124 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 5550 South Dorchester Avenue
- Market: Chicago
- Square Footage: 81,351
- Units: 124
The deal involves brokers Doug Imber, Rick Ofman, and Kate Varde from Essex Realty Group, representing the parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,093,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$72,832.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,180.46
Annual Debt Service$1,166,165.50
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