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Envoi Partners Acquires Multifamily Property In Chicago For $9.2M

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SOLD
$9,200,000

Illinois

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MultiFamily49,147 SF
Sold 12/23/2022
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Property Image
SOLD

Envoi Partners Acquires Multifamily Property In Chicago For $9.2M

5920 North Ridge Avenue

See Similar Deals
MultiFamily49,147 SF
Sold 12/23/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:49,147 SF
Transaction Type:Sale

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

Andrew (Andy) Friedman
20 deals$131.5M volume
BROKER

Jake Parker
Kiser Group
18 deals$116.9M volume
BROKER

Lee Kiser
Kiser Group
13 deals$186M volume(773) 293-5000
BROKER

Details

SOLD
IMAGE: Andrew Friedman, Lee Kiser & Jake Parker DATE: 12/23/2022 ADDRESS: 5920 North Ridge Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: Envoi Partners (@Envoi_Partners) SELLER: Castlerock Properties BROKERS: Lee Kiser, Andrew (Andy) Friedman (@Andy__Friedman) & Jake Parker (@Jak3Park3er) - Kiser Group (@KiserGroup) SALE PRICE: $9,200,000 SF: 49,147 ~ PPSF: $187

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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