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Mehmeti Family Acquires 66-Unit Multifamily Building In Chicago For $9.625M
SOLD
$9,625,000
Illinois
See Similar DealsMultiFamily
Sold 05/21/2025
SOLD
Mehmeti Family Acquires 66-Unit Multifamily Building In Chicago For $9.625M
6930 North Greenview Avenue
See Similar DealsMultiFamily
Sold 05/21/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$513,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,195.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,627.41
Annual Debt Service$547,528.93
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