Art House Eleven 21 In Wilmette Sold For $9.2M By Buyer HP Ventures Group & Brokers Craig Martin And Lucas Fryman
1121 Greenleaf Avenue
$9,200,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 5, 2023
AI
A mixed-use apartment building located at 1121 Greenleaf Avenue in downtown Wilmette has been sold for $9.2 million. The property, known as Art House Eleven 21, was completed in 2018 and consists of 16 units. It features two retail spaces, six two-bedroom apartments, and eight three-bedroom apartments.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,200,000
- Market: Wilmette
- Units: 16
- Price Per Unit: $575,000
The buyer of the property is HP Ventures Group, represented by William Brenneman. On the other hand, the seller is 4 Corners, Gabe Horstick & Josh Krueger. The deal was facilitated by brokers Craig Martin and Lucas Fryman of Interra Realty.
Players
Wilmette Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93