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

Property Image
SOLD
$2,800,000
Michael Root
Joseph Root

Illinois

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MultiFamily15,600 SF
Sold 10/22/2021
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Property Image
SOLD

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

4901 North Christiana Avenue, Chicago, IL 60625, USA

See Similar Deals
MultiFamily15,600 SF
Sold 10/22/2021
Michael Root
Joseph Root
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$179
Total Square Footage:15,600 SF
Transaction Type:Sale

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
Joseph Root
9 deals$15.9M volume
BROKER
Michael Root
Root Realty
Michael Root
7 deals$12.3M volume(773) 988-8333
BROKER

Details

SOLD
IMAGE: Michael Root & Joseph Root DATE: 10/22/2021 ADDRESS: 4901 N Christiana MARKET: Albany Park, Chicago ASSET TYPE: Multifamily BROKER: Michael Root & Joseph Root - Root Realty (@RootRealty) SALE PRICE: $2,800,000 UNITS: 33 ~ PPU: $84,848 SF: 15,600 ~ PPSF: $179

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

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14