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606 Realty Acquires 34-Unit Multifamily Asset On North Christiana Avenue For $3.75M

Property Image
SOLD
$3,750,000
Patrick (Pat) Kennelly
Joe Smazal

Illinois

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MultiFamily
Sold 05/12/2025
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Property Image
SOLD

606 Realty Acquires 34-Unit Multifamily Asset On North Christiana Avenue For $3.75M

4901 North Christiana Avenue

See Similar Deals
MultiFamily
Sold 05/12/2025
Patrick (Pat) Kennelly
Joe Smazal
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this transaction is a 34-unit apartment building located at 4901 North Christiana Avenue, Chicago. The sale price for the multifamily asset was $3,750,000, translating to a price per unit of $110,294. The property is 97% leased and comprises 33 studios and one one-bedroom unit, with 23 of the units having undergone recent updates.

Summary of transation details:

The deal featured key individuals including Mike Root from Root Realty, who represented the seller. The transaction was facilitated by Joe Smazal and Patrick Kennelly from Interra Realty, ensuring a smooth process for both the buyer and seller in this multifamily property acquisition.

Players

Joe Smazal
Interra Realty
Joe Smazal
73 deals$596.9M volume
BROKER
Patrick (Pat) Kennelly
Interra Realty
Patrick Kennelly
52 deals$326.9M volume
BROKER
Root Realty
Root Realty
SELLER

Details

SOLD
IMAGE: Mike Root, Joe Smazal & Patrick Kennelly DATE: 05/12/2025 ADDRESS: 4901 North Christiana Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: 606 Realty SELLER: Mike Root - Root Realty BROKERS: Joe Smazal (@JSmazal) & Patrick Kennelly (@PJK8877) - Interra Realty (@InterraRealty) SALE PRICE: $3,750,000 UNITS: 34 ~ PPU: $110,294 NOTE: 606 Realty acquired a 34-unit apartment building at 4901 N. Christiana Ave. in Albany Park for $3.75 million, or $110K per unit, in a deal brokered by Interra Realty. The vintage, 97% leased property includes 33 studios and one one-bedroom, with recent updates to 23 units.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$199,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96