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4626 North Ashland Avenue, ...

Monarch Realty Acquires 6-Unit Multifamily In Chicago For $1.075M
SOLDMultiFamily

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

Brian Semel

95 Realty

Broker

$72.6M

vol

8 deals

Broker

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