Rio Ridge LLC Acquires Multifamily Property In Albany Park, Chicago For $1.57M
SOLD
$1,573,200
Illinois
See Similar DealsMultiFamily15,369 SF
Sold 08/24/2021
SOLD
Rio Ridge LLC Acquires Multifamily Property In Albany Park, Chicago For $1.57M
4801 North Ridgeway Avenue, Chicago, IL 60625
See Similar DealsMultiFamily15,369 SF
Sold 08/24/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$102
Total Square Footage:15,369 SF
Transaction Type:Sale
Located in Albany Park, Chicago, this multifamily property at 4801 N Ridgeway Ave has recently changed hands in a closed transaction. The sale of this property was facilitated by Ryan Link & John Preston of Horvath & Tremblay.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,573,200
- Number of Units: 11
- Price per Unit: $143,018
- Square Footage: 15,369
- Price per Square Foot: $102
Rio Ridge LLC acquired the property from the seller, 4801 N. Ridgeway, LLC. Ryan Link & John Preston represented both parties in the transaction, ensuring a smooth deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$83,904.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,589.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,457.77
Annual Debt Service$89,493.25
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