Updated Dec 19, 2023
Monarch Realty Partners Sells Multifamily Property In Rogers Park, Chicago For $11M
6414 North Ridge Boulevard, Chicago, Illinois 60626, United States
$11,037,000
$211/SF
Building Size
52,215 SF
Asset Type
MultiFamily
Closing
Jun 30, 2022
About this deal
AI
An asset located at 6414 N Ridge Blvd in Rogers Park, Chicago, was recently sold in a closed transaction. The property is a multifamily building consisting of 72 units, with a total square footage of 52,215. The asking price for the property was $10,750,000, and it was ultimately sold for $11,037,000. The per unit price for the property was $153,292, and the price per square foot was $211.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,037,000
- Units: 72
- Price per Unit: $153,292
- Square Footage: 52,215
- Price per Square Foot: $211
- Market: Rogers Park, Chicago
The sale of this property was brokered by Bill Baumann from Monarch Realty Partners, who represented the seller in the deal.
On the Map
$11,037,000
$211/SF
MultiFamily
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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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93