Envoi Partners Acquires Multifamily Property In Chicago For $9.2M
5920 North Ridge Avenue
$9,200,000
$187/SF
Building Size
49,147 SF
Asset Type
MultiFamily
Closing
Dec 23, 2022
AI
The multifamily property located at 5920 North Ridge Avenue in Chicago has been sold for $9,200,000. The property spans a total area of 49,147 square feet, resulting in a price per square foot of $187. The transaction involved Envoi Partners as the buyer and Castlerock Properties as the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Address: 5920 North Ridge Avenue, Chicago
- Market: Chicago
The deal was facilitated by Lee Kiser, Andrew (Andy) Friedman, and Jake Parker from Kiser Group, who represented their respective clients in the transaction.
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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93