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Alia Kolovic Of Century 21 Circle Represents Buyer In Chicago Multifamily Deal
SOLD
Illinois
See Similar DealsMultiFamily
Sold 05/16/2024
SOLD
Alia Kolovic Of Century 21 Circle Represents Buyer In Chicago Multifamily Deal
6624 North Ashland Avenue
See Similar DealsMultiFamily
Sold 05/16/2024
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,328.01
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
Annual Debt Service$73,946.27
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