SOLDMultiFamily
Chicago Multifamily Property At 5550 South Dorchester Avenue Sold With Essex Realty Group
5550 South Dorchester Avenue
Building Size
81,351 SF
Asset Type
MultiFamily
Closing
Mar 11, 2025
AI
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.
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93