Matthews Real Estate Investment Services Sells Chicago Multifamily Portfolio For $6.2M
SOLD
$6,200,000
Illinois
See Similar DealsMultiFamily
Sold 10/27/2022
SOLD
Matthews Real Estate Investment Services Sells Chicago Multifamily Portfolio For $6.2M
42 North Waller Avenue
See Similar DealsMultiFamily
Sold 10/27/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 42-52 North Waller Ave, 318-322 N Lotus Ave, 4916 - 4918 West Augusta Ave, 5214 - 5216 West Washington Ave & 551 - 553 North Central Ave in Chicago, IL has been sold in a closed transaction. The property consists of 95 units and was sold for a total price of $6,200,000, resulting in a price per unit of $65,263.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Units: 95
- Price per Unit: $65,263
- Market: Chicago, IL
The sellers of the property were Mendy Raskin and Jonathan Kranzler. The deal was facilitated by Finley Askin from Matthews Real Estate Investment Services, who represented the sellers as the broker in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
Is there something missing? Send suggestions