Monarch Realty Acquires 6-Unit Multifamily In Chicago For $1.075M
SOLD
$1,075,000
Illinois
See Similar DealsMultiFamily7,750 SF
Sold 06/03/2020
SOLD
Monarch Realty Acquires 6-Unit Multifamily In Chicago For $1.075M
4626 North Ashland Avenue, Chicago, IL 60640
See Similar DealsMultiFamily7,750 SF
Sold 06/03/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$138
Total Square Footage:7,750 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,819.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,096.05
Annual Debt Service$61,152.58
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