Monarch Realty Acquires 6-Unit Multifamily In Chicago For $1.075M
4626 North Ashland Avenue, Chicago, IL 60640
$1,075,000
$138/SF
Building Size
7,750 SF
Asset Type
MultiFamily
Closing
Jun 3, 2020
AI
Located at 4626 N Ashland Ave in Chicago, this multifamily property was recently sold for a total of $1,075,000. The transaction took place on June 3, 2021, and the property consists of 6 units. With a price per unit of $179,167, this property offers a valuable investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 6
- Price per Unit: $179,167
The buyer was represented by Brian Semel from Monarch Realty Partners LLC, while the seller was represented by Steven Nguyen from Vina Realty, Inc. Their expertise and guidance played a crucial role in successfully closing this transaction.
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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93