Michael Duckler Of Interra Realty Brokers $3.39M Multifamily Sale In Chicago Ridge And Midlothian
9822 Nottingham Avenue, 14613 Keystone Avenue & 14639 Karlov Avenue
$3,390,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 3, 2026
AI
The transaction involved the sale of three multifamily properties located at 9822 Nottingham Avenue in Chicago Ridge, and a two-building, 12-unit portfolio at 14613 South Keystone Avenue and 14639 South Karlov Avenue in Midlothian. The total sale price for the properties was $3,390,000, with a price per unit of $113,000 for the 30 units across the assets. All properties were fully occupied at the time of the sale.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,390,000
- Number of Units: 30
- Price per Unit: $113,000
- Addresses: 9822 Nottingham Avenue, 14613 South Keystone Avenue, 14639 South Karlov Avenue
- Market: Chicago Ridge & Midlothian
- Broker: Michael Duckler - Interra Realty
Interra Realty facilitated the sale, representing confidential buyers and sellers in these off-market transactions. The broker, Michael Duckler, played a key role in the sale processes for both the property in Chicago Ridge and the two-building portfolio in Midlothian, revealing a strategic approach in managing these transactions.
Players
Chicago Ridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.68%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93