Kiser Group Facilitates $5.1M Multifamily Sale In Evanston
SOLD
$5,100,000
Illinois
See Similar DealsMultiFamily12,600 SF
Sold 05/10/2022
SOLD
Kiser Group Facilitates $5.1M Multifamily Sale In Evanston
1901 Sherman Avenue, Evanston, Illinois 60201, United States
See Similar DealsMultiFamily12,600 SF
Sold 05/10/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$404
Total Square Footage:12,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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