Updated Oct 28, 2024
Block & Key Acquires Multifamily Property In Albany Park, Chicago For $1.77M
4944 North Harding Avenue, Chicago, IL 60625, USA
$1,773,000
$2,113/SF
Building Size
839 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
The multifamily property located at 4944 N. Harding in Albany Park, Chicago was recently sold. The transaction took place on July 30, 2021, and the property was sold by the 4944-46 N. Harding Condominium Association to the buyer, Block & Key. The sale price for the property was $1,773,000. The property consists of 13 units, with a per-unit price of $136,385.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,773,000
- Units: 13
- Price Per Unit: $136,385
The transaction was facilitated by brokers Andy Friedman and Jake Parker. They represented the buyer, Block & Key, in the deal. Andy Friedman and Jake Parker are active brokers in the real estate industry.
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
8.95%
Cash-on-Cash
-2.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93