Kiser Group Facilitates $4.05M Sale Of Evanston Multifamily Property On Chicago Ave
SOLD
$4,050,000
Illinois
See Similar DealsMultiFamily15,000 SF
Sold 05/04/2022
SOLD
Kiser Group Facilitates $4.05M Sale Of Evanston Multifamily Property On Chicago Ave
1326 Chicago Avenue, Evanston, Illinois 60201, United States
See Similar DealsMultiFamily15,000 SF
Sold 05/04/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$270
Total Square Footage:15,000 SF
Transaction Type:Sale
The multifamily property located at 1326 Chicago Ave in Evanston was recently sold. The sale was facilitated by brokers Matt Halper & Danny Mantis from Kiser Group. The transaction took place on 05/04/2022.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $4,050,000
- Number of Units: 15
- Price Per Unit: $270,000
- Total Square Footage: 15,000
- Price Per Square Foot: $270
The sale of this multifamily property highlights the collaboration between Matt Halper & Danny Mantis from Kiser Group as the brokers responsible for the transaction. The property offers 15 units with an average unit price of $270,000. The total square footage of the property is 15,000, resulting in a price per square foot of $270.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79
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