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Real Realty Brokers Sale Of 24-Unit Multifamily Property At 6322 North Albany Avenue For $2.75M

Property Image
SOLD
$2,750,000
James Clough
Cristian Gavriluti

Illinois

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Real Realty Brokers Sale Of 24-Unit Multifamily Property At 6322 North Albany Avenue For $2.75M

6322 North Albany Avenue

See Similar Deals
MultiFamily19,000 SF
Sold
James Clough
Cristian Gavriluti
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$144
Total Square Footage:19,000 SF
Transaction Type:Sale

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.

Players

James Clough
Real Realty
James Clough
11 deals$46.2M volume(773) 551-1268
BROKER
Cristian Gavriluti
Real Realty
Cristian Gavriluti
4 deals$21.5M volume(224) 256-0921
BROKER

Details

SOLD
IMAGE: James Clough & Cristian Gavriluti DATE: 06/27/2025 ADDRESS: 6322 North Albany Avenue MARKET: Chicago ASSET TYPE: Multifamily BROKERS: James Clough (@JamesfClough) & Cristian Gavriluti (@Gavriluti_Cristian) - Real Realty (@RealRealtyChicago) SALE PRICE: $2,750,000 UNITS: 24 ~ PPU: $114,583 SF: 19,000 ~ PPSF: $144 NOTE FROM BROKER: Real Realty, Inc. brokered the 24-unit West Ridge apartment building at 6322 N. Albany Avenue for $2.75 million. The value-add property attracted significant interest, generating 32 tours and resulting in 8 written offers.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$146,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84