Updated Dec 20, 2023
Interra Realty Brokers $8.15M Sale Of Multifamily Property In North Side Rogers Park, Chicago
7320 N Ridge Blvd, Chicago, IL, USA
$8,150,000
$1,996/SF
Building Size
4,082 SF
Asset Type
MultiFamily
Closing
Oct 18, 2021
About this deal
AI
Located in North Side Rogers Park, Chicago, this recently closed property transaction involved a multifamily asset situated at 7320 N. Ridge Blvd. and 1934-38 W. Estes Ave. The transaction was facilitated by brokers Joe Smazal and Craig Martin from Interra Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,150,000
- Units: 54
- Price per Unit: $150,926
- Date: 10/18/2021
- Market: North Side Rogers Park, Chicago
The property, comprising 54 units, was successfully sold for a total of $8,150,000, resulting in a price per unit of $150,926. The transaction took place on October 18, 2021, in the desirable North Side Rogers Park area of Chicago. Joe Smazal and Craig Martin from Interra Realty represented the parties involved in this deal.
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
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93