CRER Acquires Multifamily Property In Rogers Park, Chicago For $2.6M
SOLD
$2,635,000
Illinois
See Similar DealsMultiFamily6,138 SF
Sold 03/11/2022
SOLD
CRER Acquires Multifamily Property In Rogers Park, Chicago For $2.6M
6322 North Albany Avenue, Chicago, Illinois 60659, United States
See Similar DealsMultiFamily6,138 SF
Sold 03/11/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$429
Total Square Footage:6,138 SF
Transaction Type:Sale
The multifamily property located at 6322 N Albany Ave in Rogers Park, Chicago has been sold for $2,635,000. The transaction took place on 03/11/2022. This property consists of 24 units, and the price per unit is $109,792.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,635,000
- Units: 24
- Price Per Unit: $109,792
- Address: 6322 N Albany Ave
- Market: Rogers Park, Chicago
Finley Askin and Anthony Conforti from CRER (Chicago Real Estate Resources) along with Perdure Carter were the brokers involved in this transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$140,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,361.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,491.24
Annual Debt Service$149,894.93
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