Updated Sep 5, 2024
Kiser Group Sells Ravenswood Multifamily Property For $9.72M
5017 North Wolcott Avenue
$9,720,000
$550/SF
Building Size
17,656 SF
Asset Type
MultiFamily
Closing
Aug 24, 2022
About this deal
AI
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.
On the Map
$9,720,000
$550/SF
MultiFamily
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93