Updated Sep 9, 2024
Matthews Real Estate Investment Services Sells Chicago Multifamily Portfolio For $6.2M
42 North Waller Avenue
$6,200,000
Units
95
Asset Type
MultiFamily
Closing
Oct 27, 2022
About this deal
AI
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.
On the Map
$6,200,000
MultiFamily
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Players
Kingwood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93