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2655 West Haddon Avenue

Sancerre Capital Acquires Multifamily Property In Chicago For $1.78M
SOLDMultiFamily

Sancerre Capital Acquires Multifamily Property In Chicago For $1.78M

2655 West Haddon Avenue

$1,780,000

$593/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Dec 1, 2023

AI

The multifamily property located at 2655 West Haddon Avenue in Chicago has been sold. The transaction took place on 12/01/2023. The property, owned by Base 3 Development represented by Gabe Horstick and Alec Greenberg, was purchased by Sancerre Capital for a total sale price of $1,780,000. The property spans across 3,000 square feet with a price per square foot of $593.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,780,000
  • Address: 2655 West Haddon Avenue
  • Market: Chicago

Sancerre Capital acted as the buyer in this transaction, acquiring the multifamily property from Base 3 Development. The sellers were represented by Gabe Horstick and Alec Greenberg. Notably, the price per unit (PPU) was not specified in the provided information.

Players

Gabriel Horstick

Base 3 Development

Seller

$19M

vol

7 deals

Seller
Base 3 Development
Base 3 DevelopmentSeller

Chicago 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

8.91%

Cash-on-Cash

-2.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93