Updated May 22, 2025
Mehmeti Family Acquires 66-Unit Multifamily Building In Chicago For $9.625M
6930 North Greenview Avenue
$9,625,000
Units
66
Asset Type
MultiFamily
Closing
May 21, 2025
About this deal
AI
A multifamily mixed-use building located at 6930 North Greenview Avenue in Chicago has been sold. The property features a total of 66 fully leased units and has been transacted for a sale price of $9,625,000, resulting in a price per unit of $145,833.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,625,000
- Units: 66
- Price Per Unit: $145,833
- Buyer: Mehmeti Family
- Brokers: Joe Smazal & Patrick Kennelly - Interra Realty
Patrick Kennelly represented the buyer, the Mehmeti family, while Joe Smazal represented the undisclosed seller during this transaction facilitated by Interra Realty.
On the Map
$9,625,000
MultiFamily
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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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93