Mendy Raskin Acquires Multifamily Portfolio In Chicago For $17.975M
SOLD
$17,975,000
+ 2
Illinois
See Similar DealsMultiFamily1,500 SF
Sold 08/14/2020
SOLD
Mendy Raskin Acquires Multifamily Portfolio In Chicago For $17.975M
4001 South Ellis Avenue, Chicago, IL, USA
See Similar DealsMultiFamily1,500 SF
Sold 08/14/2020
+ 2
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$11,983
Total Square Footage:1,500 SF
Transaction Type:Sale
The multifamily properties located at 4001 S. Ellis, 4433 S. Greenwood, 4737 S. Ingleside, 4746 S. Ingleside, 4500 S. Drexel, and 811 E. 46th in Chicago have been sold. The transaction took place on August 14, 2020. The buyer of these properties is Mendy Raskin, represented by @RaskinRisers. The sale price for the 204 units was $17,975,000, resulting in a price per unit of $88,112.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,975,000
- Address: 4001 S. Ellis, 4433 S. Greenwood, 4737 S. Ingleside, 4746 S. Ingleside, 4500 S. Drexel, 811 E. 46th
- Market: Chicago
- Buyer: Mendy Raskin
- Brokers: Lucas Fryman, David Goss, Jon Morgan & Ted Stratman - Interra Realty
- Units: 204
- Price per Unit: $88,112
The transaction was facilitated by Lucas Fryman, David Goss, Jon Morgan, and Ted Stratman from Interra Realty, who represented the buyer, Mendy Raskin, in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$958,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,861.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,210.67
Annual Debt Service$1,022,528.05
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