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4540 North Ravenswood Avenue

Updated Dec 4, 2024

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

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

About this deal

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.

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$4,250,000

$318/SF

MultiFamily

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Players

Brad Feldman

Interra Realty

Broker

$283.7M

vol

38 deals

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Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $318 per square foot on a published $4.3M for 13,361 square feet (2024).

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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

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