Updated Oct 28, 2024
Rio Ridge LLC Acquires Multifamily Property In Albany Park, Chicago For $1.57M
4801 North Ridgeway Avenue, Chicago, IL 60625
$1,573,200
$102/SF
Building Size
15,369 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
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.
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
10.08%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93