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5920 North Ridge Avenue

Envoi Partners Acquires Multifamily Property In Chicago For $9.2M
SOLDMultiFamily

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

Andrew Friedman

Kiser Group

Broker

$131.5M

vol

20 deals

Broker

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