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Vassil Bayraktarov Sells Multifamily Property At 4540 North Ravenswood Avenue For $4.25M

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SOLD
$4,250,000

Illinois

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MultiFamily13,361 SF
Sold
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SOLD

Vassil Bayraktarov Sells Multifamily Property At 4540 North Ravenswood Avenue For $4.25M

4540 North Ravenswood Avenue

See Similar Deals
MultiFamily13,361 SF
Sold
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$318
Total Square Footage:13361 SF
Transaction Type:Sale

The property involved in the transaction is a multifamily asset located at 4540 North Ravenswood Avenue in Chicago. The sale price was $4,250,000 for 10 units, which results in a price per unit of $425,000. The total square footage of the property is 13,361, leading to a price per square foot of $318.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,250,000
  • Address: 4540 North Ravenswood Avenue
  • Market: Chicago
  • Units: 10
  • Price Per Unit: $425,000
  • Square Footage: 13,361
  • Price Per Square Foot: $318
  • Seller: Vassil Bayraktarov
  • Broker: Brad Feldman - Interra Realty

Representing the seller in this transaction was Brad Feldman from Interra Realty, who facilitated the deal involving the multifamily property in Chicago.

Players

Brad Feldman
36 deals$282.9M volume
BROKER

Details

SOLD
IMAGE: Brad Feldman DATE: 08/08/2024 ADDRESS: 4540 North Ravenswood Avenue MARKET: Chicago ASSET TYPE: Multifamily SELLER: Vassil Bayraktarov BROKER: Brad Feldman (@BsFeldman) - Interra Realty (@InterraRealty) SALE PRICE: $4,250,000 UNITS: 10 ~ PPU: $425,000 SF: 13,361 ~ PPSF: $318

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$226,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02