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2047 Asbury Avenue, Evansto...

John Preston & John Przybyla Acquire Multifamily Property In Evanston For $1.2M
SOLDMultiFamily

John Preston & John Przybyla Acquire Multifamily Property In Evanston For $1.2M

2047 Asbury Avenue, Evanston, Illinois 60201, United States

$1,200,000

$240/SF

Building Size

5,000 SF

Asset Type

MultiFamily

Closing

Mar 10, 2022

AI

A multifamily property located at 2047 Asbury Ave in Evanston was recently sold on March 11, 2022. The property consists of 5 units with a total square footage of 5,000. The sale price for this transaction was $1,200,000, resulting in a price per unit of $240,000. The price per square foot was also $240. The transaction was facilitated by brokers John Preston and John Przybyla, representing Horvath & Tremblay.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 2047 Asbury Ave
  • Market: Evanston
  • Units: 5
  • Square Footage: 5,000
  • Price Per Unit: $240,000
  • Price Per Square Foot: $240

The brokers involved in this deal were John Preston and John Przybyla from Horvath & Tremblay. They played a crucial role in facilitating the transaction and representing the buyer and seller throughout the process.

Players

John Przybyla

Horvath & Tremblay

Broker

$45M

vol

17 deals

Broker

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93