Updated Dec 21, 2023
Jeffrey Baasch's SVN | Chicago Commercial Sells West Rogers Park Multifamily For $10M
6705-37 N California Ave, West Rogers Park, Chicago, IL, USA
$10,000,000
$3,200/SF
Building Size
3,125 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
About this deal
AI
The multifamily property located at 6705-37 N. California Ave in West Rogers Park, Chicago has been sold for a price of $10,000,000. The sale was facilitated by Jeffrey Baasch from SVN | Chicago Commercial. The property consists of 94 units, resulting in a per unit price of $106,383.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 6705-37 N. California Ave, West Rogers Park, Chicago
- Market: West Rogers Park, Chicago
- Broker: Jeffrey Baasch - SVN | Chicago Commercial
This successful transaction highlights the involvement of Jeffrey Baasch from SVN | Chicago Commercial as the broker representing the buyer and/or seller. The sale of this multifamily property showcases the demand and value of real estate in the West Rogers Park area of Chicago.
Players
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93