Mehmeti Family Acquires 66-Unit Multifamily Building In Chicago For $9.625M
6930 North Greenview Avenue
$9,625,000
Building Size
—
Asset Type
MultiFamily
Closing
May 21, 2025
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.
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