Monarch Realty Partners Sells Multifamily Property In Rogers Park, Chicago For $11M
SOLD
$11,037,000
Illinois
See Similar DealsMultiFamily52,215 SF
Sold 07/01/2022
SOLD
Monarch Realty Partners Sells Multifamily Property In Rogers Park, Chicago For $11M
6414 North Ridge Boulevard, Chicago, Illinois 60626, United States
See Similar DealsMultiFamily52,215 SF
Sold 07/01/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:52,215 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$588,640.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,212.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,321.01
Annual Debt Service$627,852.13
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