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

Property Image
SOLD
$1,200,000

Illinois

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MultiFamily5,000 SF
Sold 03/11/2022
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Property Image
SOLD

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

2047 Asbury Avenue, Evanston, Illinois 60201, United States

See Similar Deals
MultiFamily5,000 SF
Sold 03/11/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$240
Total Square Footage:5,000 SF
Transaction Type:Sale

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
17 deals$45M volume
BROKER

John Preston
Horvath & Tremblay
5 deals$8.2M volume
BROKER

Details

SOLD
IMAGE: John Przybyla & John Preston DATE: 03/11/2022 ADDRESS: 2047 Asbury Ave MARKET: Evanston ASSET TYPE: Multifamily BROKERS: John Preston & John Przybyla - Horvath & Tremblay SALE PRICE: $1,200,000 UNITS: 5 ~ PPU: $240,000 SF: 5,000 ~ PPSF: $240

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35