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4901 North Christiana Avenu...

Root Realty Acquires 33-Unit Multifamily Property In Albany Park, Chicago For $2.8M
SOLDMultiFamily

Root Realty Acquires 33-Unit Multifamily Property In Albany Park, Chicago For $2.8M

4901 North Christiana Avenue, Chicago, IL 60625, USA

$2,800,000

$179/SF

Building Size

15,600 SF

Asset Type

MultiFamily

Closing

Oct 22, 2021

AI

Located in Albany Park, Chicago, this multifamily property at 4901 N Christiana recently sold in a closed transaction. The property consists of 33 units with a total square footage of 15,600. The sale price for this transaction was $2,800,000, resulting in a price per unit of $84,848 and a price per square foot of $179.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Units: 33
  • Price per Unit: $84,848
  • Square Footage: 15,600
  • Price per Square Foot: $179

The transaction was facilitated by Michael Root and Joseph Root of Root Realty. As the brokers representing the buyer and seller, they played a crucial role in the successful completion of this deal.

Players

Joseph Root

Root Realty

Broker

$15.9M

vol

9 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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93