2455 Ridgeway Avenue Multifamily Sold In Chicago For $900,000

The multifamily property located at 2455 N. Ridgeway Avenue in Chicago was recently sold in a closed transaction. The property, consisting of 9 units, was sold for a total price of $900,000, resulting in a per unit price of $100,000. The sale took place on December 18, 2020, with the buyer identified as 2455 Ridgeway Investors LLC and the seller as Angel Maradiaga. The asset was marketed in the Chicago market, and the transaction was facilitated by brokers Alexander Summers from Jameson Commercial and Kevin Rocio from ROC Advisory Group - @PropertiesCommercial.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $900,000
• Address: 2455 N. Ridgeway Avenue, Chicago
• Market: Chicago

The buyer, 2455 Ridgeway Investors LLC, acquired the property from the seller, Angel Maradiaga, in this transaction. The deal was facilitated by the brokers Alexander Summers from Jameson Commercial and Kevin Rocio from ROC Advisory Group - @PropertiesCommercial. The property had an asking price of $900,000, which was also the final sale price. Additionally, the transaction had a calculated capitalization rate of 5.76%.