Kiser Group Sells Ravenswood Multifamily Property For $9.72M
SOLD
$9,720,000
Illinois
See Similar DealsMultiFamily17,656 SF
Sold 08/24/2022
SOLD
Kiser Group Sells Ravenswood Multifamily Property For $9.72M
5017 North Wolcott Avenue
See Similar DealsMultiFamily17,656 SF
Sold 08/24/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$550
Total Square Footage:17,656 SF
Transaction Type:Sale
A multifamily property located at 5017 N Wolcott Ave in Ravenswood, Chicago has been sold for $9,720,000. The property consists of 44 units with an average price per unit of $220,909. It spans over 17,656 square feet, resulting in an average price per square foot of $551.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,720,000
- Units: 44
- Price per Unit: $220,909
- Square Footage: 17,656
- Price per Square Foot: $551
The sale of this multifamily property was facilitated by Lee Kiser, Andy Friedman, and Jake Parker from Kiser Group. They represented the parties involved in the transaction as brokers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$518,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,533.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,077.76
Annual Debt Service$552,933.11
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