Updated Sep 9, 2024
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
About this deal
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.
On the Map
$975,000
$64/SF
MultiFamily
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Players
Brooklyn 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