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6414 N Ridge Blvd

Updated Dec 21, 2023

SOLD

Monarch Realty Partners Brokers $11.03M Multifamily Sale On N Ridge Blvd, Rogers Park

6414 N Ridge Blvd

Units

11,037,000

Asset Type

Closing

Jul 1, 2022

About this deal

AI

The multifamily property located at 6414 N Ridge Blvd in Rogers Park, Chicago has been sold in a closed transaction. The property consists of 72 units with a total square footage of 52,215. The asking price for the property was $10,750,000, and it was sold for $11,037,000, resulting in a price per unit of $153,292 and a price per square foot of $211.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,037,000
  • Units: 72
  • Price per Unit: $153,292
  • Square Footage: 52,215
  • Price per Square Foot: $211

The transaction was facilitated by Bill Baumann from Monarch Realty Partners, who represented the buyer and seller. This successful deal showcases the expertise and negotiation skills of Bill Baumann, ensuring a smooth transaction for both parties involved.

Players

Chicago CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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