Updated Dec 21, 2023
Andy Friedman & Jake Parker Sell Multifamily Property In Andersonville For $5M
5301 N Ashland Ave, Edgewater, Chicago, IL, USA
$5,000,000
$868/SF
Building Size
5,757 SF
Asset Type
MultiFamily
Closing
Aug 12, 2021
About this deal
AI
The multifamily property located at 5301 N. Ashland Ave. in Andersonville has been sold for a price of $5,000,000. The transaction took place on August 13, 2021. The property consists of 40 units, resulting in a price per unit of $125,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 5301 N. Ashland Ave.
- Market: Andersonville
- Units: 40
- Price per Unit: $125,000
The brokers responsible for facilitating the sale of this property are Andy Friedman and Jake Parker. Congratulations to all parties involved in this successful transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93