CRER Acquires Multifamily Property In Rogers Park, Chicago For $2.6M
6322 North Albany Avenue, Chicago, Illinois 60659, United States
$2,635,000
$429/SF
Building Size
6,138 SF
Asset Type
MultiFamily
Closing
Mar 10, 2022
AI
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
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
6.02%
Cash-on-Cash
-1.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93