Rising Sun Real Estate LLC Acquires Multifamily Property In Rogers Park, Chicago For $2.66M
7725 North Sheridan Road, Chicago, IL 60626
$2,660,000
$2,128/SF
Building Size
1,250 SF
Asset Type
MultiFamily
Closing
Jun 21, 2020
AI
A multifamily property located at 7725-7729 N Sheridan Rd in Rogers Park, Chicago has been sold. The property was purchased by Rising Sun Real Estate LLC, located at 7725 N Sheridan Rd in Chicago. The seller of the property was MSKO, LLC. The transaction was facilitated by brokers John Preston and John Przybyla.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,660,000
- Address: 7725-7729 N Sheridan Rd, Rogers Park, Chicago
- Buyer: Rising Sun Real Estate LLC - 7725 N Sheridan Rd Chicago
- Seller: MSKO, LLC
- Brokers: John Preston & John Przybyla
The property consists of 25 units, with a price per unit of $106,400.
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
5.96%
Cash-on-Cash
-1.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93