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
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.
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