Updated Dec 4, 2024
Alia Kolovic Of Century 21 Circle Represents Buyer In Chicago Multifamily Deal
6624 North Ashland Avenue
$1,299,900
Units
10
Asset Type
MultiFamily
Closing
May 16, 2024
About this deal
AI
6624 North Ashland Avenue in Chicago, a well-maintained 3-story corner building, was sold for $1,299,900. The property features 10 legal units, including large 3-bedroom units and smaller studios, with most units updated and separate utilities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,299,900
- Units: 10
- Price Per Unit: $129,990
- Address: 6624 North Ashland Avenue
- Market: Chicago
Alia Kolovic from Century 21 Circle represented the buyer, while the seller was represented by Christian Moisio & Deborah Hess from Compass.
On the Map
$1,299,900
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93