Updated Dec 21, 2023
Interra Realty Brokers $1.92M Sale Of Multifamily Property In Chicago
6018 North Avondale Avenue, Chicago, IL 60631, USA
$1,920,000
Units
12
Asset Type
MultiFamily
Closing
Jul 8, 2021
About this deal
AI
The multifamily property located at 6018-6020 N. Avondale Ave. in Chicago was recently sold for $1,920,000. The transaction took place on 07/08/2021. The property consists of 12 units, and the price per unit (PPU) was $160,000. The sale was facilitated by Patrick Kennelly & Paul Waterloo of Interra Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,920,000
- Units: 12
- Price per Unit (PPU): $160,000
- Address: 6018-6020 N. Avondale Ave., Chicago
- Date: 07/08/2021
- Brokers: Patrick Kennelly & Paul Waterloo - Interra Realty
Patrick Kennelly & Paul Waterloo of Interra Realty played a crucial role in representing the parties involved in the transaction. Their expertise and negotiation skills contributed to the successful completion of the deal.
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
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93