Kiser Group Facilitates $5.1M Multifamily Sale In Evanston
1901 Sherman Avenue, Evanston, Illinois 60201, United States
$5,100,000
$404/SF
Building Size
12,600 SF
Asset Type
MultiFamily
Closing
May 9, 2022
AI
The multifamily property located at 1901 Sherman Ave in Evanston has been sold in a recent transaction. The sale was facilitated by brokers Matt Halper, Danny Mantis, and Lee Kiser from Kiser Group. The property consists of 12 units with a total of 12,600 square feet. The sale price for the property was $5,100,000, resulting in a per unit price of $425,000. On a per square foot basis, the price was $405.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Address: 1901 Sherman Ave
- Market: Evanston
The deal was successfully executed with the assistance of brokers Matt Halper, Danny Mantis, and Lee Kiser. Kiser Group provided their expertise in facilitating the transaction. This transaction highlights their effectiveness in the real estate market and their commitment to delivering successful outcomes for their clients.
Players
Evanston 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93