Updated Dec 21, 2023
Mak Jahangiri Acquires 6-unit Multifamily In Chicago For $1.5M
5644 North California Avenue, Chicago, IL, USA
$1,522,500
$194/SF
Building Size
7,834 SF
Asset Type
MultiFamily
Closing
Jan 21, 2021
About this deal
AI
An six-unit multifamily property located at 5644 N California Ave in Chicago was recently sold for a price of $1,522,500. The property was sold on January 22, 2021. Each unit was sold at an average price of $253,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,522,500
- Address: 5644 N California Ave
- Market: Chicago
- Units: 6
- Price Per Unit: $253,750
The buyer of the property was represented by Mak Jahangiri from @properties, while the seller was represented by Yogi Yedlin from Dream Town Realty.
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
10.42%
Cash-on-Cash
-2.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93