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Alia Kolovic Of Century 21 Circle Represents Buyer In Chicago Multifamily Deal

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SOLD
$1,299,900

Illinois

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MultiFamily
Sold 05/16/2024
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Property Image
SOLD

Alia Kolovic Of Century 21 Circle Represents Buyer In Chicago Multifamily Deal

6624 North Ashland Avenue

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MultiFamily
Sold 05/16/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Deborah Hess
3 deals$3.8M volume(773) 865-3327
BROKER

Christian Moisio
Compass
2 deals$2.5M volume(773) 294-0414
BROKER

Alia Kolovic
Century 21
1 deal$1.3M volume(847) 561-8987
BROKER

Details

SOLD
IMAGE: Alia Kolovic, Christian Moisio & Deborah Hess DATE: 05/16/2024 ADDRESS: 6624 North Ashland Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Alia Kolovic (@Al_Kolovic) - Century 21 Circle (@C21Circle) SELLER'S REP: Christian Moisio & Deborah Hess (@Deb_Hess_and_partners) - Compass (@Compass) SALE PRICE: $1,299,900 UNITS: 10 ~ PPU: $129,990 NOTE: 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.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.19
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