Monarch Realty Partners Sells Multifamily In Chicago For $975,000
618 East 79th Street
$975,000
$64/SF
Building Size
15,225 SF
Asset Type
MultiFamily
Closing
Nov 29, 2022
AI
The multifamily property located at 618 East 79th Street in Chicago has been sold for a total price of $975,000. This property consists of 20 units, resulting in a per unit price of $48,750. The total square footage of the property is 15,225, making the price per square foot $64.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $975,000
- Units: 20
- Price Per Unit: $48,750
- Square Feet: 15,225
- Price Per Square Foot: $64
- Date: 11/29/2022
- Address: 618 East 79th Street, Chicago
- Brokers: Robert Berman & Rudy Hancock - Monarch Realty Partners
The deal was facilitated by Robert Berman and Rudy Hancock of Monarch Realty Partners, who represented the buyers and sellers in this transaction.
Players
New York 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
16.27%
Cash-on-Cash
-4.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93