Updated Dec 21, 2023
Interra Realty Facilitates $2.57M Sale Of Multifamily Property In Chicago Ridge
9945 Nottingham Avenue, Chicago Ridge, Illinois 60415, United States
$2,570,000
Units
24
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
A multifamily property located at 9945-55 Nottingham Ave in Chicago Ridge has been sold for $2,570,000. The property consists of 24 units, with a price per unit of $107,083.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,570,000
- Address: 9945-55 Nottingham Ave, Chicago Ridge
- Market: Chicago Ridge
The sale of this multifamily property was facilitated by Michael Duckler from Interra Realty.
The multifamily sale at 9945 Nottingham Avenue, Chicago Ridge, Illinois 60415, United States in Chicago Ridge, Illinois sold for $2.6M in 2022. Reported inventory is 24 units across 24 units. Michael Duckler, Interra Realty appear on the sale alongside Interra Realty. This page is the Chicago Ridge, Illinois file for the 9945 Nottingham Avenue, Chicago Ridge, Illinois 60415, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago Ridge sit in the Market section below. Filter that Chicago Ridge multifamily set by closing date to see what else sold near 9945 Nottingham Avenue, Chicago Ridge, Illinois 60415, United States around 2022. Published consideration for 9945 Nottingham Avenue, Chicago Ridge, Illinois 60415, United States is $2.6M, dated 2022. Cite this Interra Realty Facilitates $2.57M Sale Of Multifamily Property In Chicago Ridge sale when underwriting similar multifamily product around Chicago Ridge, Illinois.
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Chicago Ridge 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
6.17%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93