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
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