Updated Oct 29, 2024
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
About this deal
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.
On the Map
$9,200,000
$187/SF
MultiFamily
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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