Updated Dec 18, 2023
Essex Realty Group Inc. Sells Hanover Park Multifamily For $21.6M
2260 Breezewood Lane, Hanover Park, IL, USA
$21,600,000
$22,040/SF
Building Size
980 SF
Asset Type
MultiFamily
Closing
Jan 17, 2021
About this deal
AI
An multifamily property located at 2260 Breezewood Lane in Hanover Park has been sold for $21,600,000. The property consists of 220 units, with a price per unit of $98,182.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,600,000
- Address: 2260 Breezewood Lane, Hanover Park
- Market: Hanover Park
The sale of this property was facilitated by Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd, Brian Kochendorfer, & Brian Karmowski from Essex Realty Group Inc.
The multifamily sale at 2260 Breezewood Lane, Hanover Park, IL, USA in Hanover Park, Illinois sold for $21.6M in 2021. Reported inventory is 980 square feet across 220 units, or about 22K per square foot. Brian Kochendorfer, Dan Shepherd, Brian Karmowski, Jaimie Steinher appear on the sale alongside Essex Realty Group. This page is the Hanover Park, Illinois file for the 2260 Breezewood Lane, Hanover Park, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Hanover Park sit in the Market section below. Filter that Hanover Park multifamily set by closing date to see what else sold near 2260 Breezewood Lane, Hanover Park, IL, USA around 2021. Published consideration for 2260 Breezewood Lane, Hanover Park, IL, USA is $21.6M, dated 2021. Cite this Essex Realty Group Inc. Sells Hanover Park Multifamily For $21.6M sale when underwriting similar multifamily product around Hanover Park, Illinois.
Players
Hanover Park 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93