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6624 North Ashland Avenue

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

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

6624 North Ashland Avenue

$1,299,900

Building Size

Asset Type

MultiFamily

Closing

May 16, 2024

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.

Players

Deborah Hess

Compass

Broker

$3.8M

vol

3 deals

Broker

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