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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Deal FAQ
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