Vassil Bayraktarov Sells Multifamily Property At 4540 North Ravenswood Avenue For $4.25M
4540 North Ravenswood Avenue
$4,250,000
$318/SF
Building Size
13,361 SF
Asset Type
MultiFamily
Closing
Aug 8, 2024
AI
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
Chicago 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93