Updated Jul 16, 2025
Real Realty Brokers Sale Of 24-Unit Multifamily Property At 6322 North Albany Avenue For $2.75M
6322 North Albany Avenue
$2,750,000
$144/SF
Building Size
19,000 SF
Asset Type
MultiFamily
Closing
Jun 26, 2025
About this deal
AI
The property involved in the transaction is a multifamily asset located at 6322 North Albany Avenue in Chicago. This 24-unit apartment building was sold for a total of $2,750,000. It encompasses 19,000 square feet, with a price per unit of $114,583 and a price per square foot of $144.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Units: 24
- Square Footage: 19,000
- Price Per Unit: $114,583
- Price Per Square Foot: $144
- Address: 6322 North Albany Avenue
- Market: Chicago
The transaction was brokered by James Clough and Cristian Gavriluti of Real Realty, Inc. They facilitated the sale of the property, which generated significant interest reflected in 32 tours and resulted in 8 written offers, highlighting the appeal of the value-add aspect of the asset.
On the Map
$2,750,000
$144/SF
MultiFamily
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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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93