Vassil Bayraktarov Sells Multifamily Property At 4540 North Ravenswood Avenue For $4.25M
SOLD
$4,250,000
Illinois
See Similar DealsMultiFamily13,361 SF
Sold
SOLD
Vassil Bayraktarov Sells Multifamily Property At 4540 North Ravenswood Avenue For $4.25M
4540 North Ravenswood Avenue
See Similar DealsMultiFamily13,361 SF
Sold
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.
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Deal Type
30 years
10 years
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
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