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
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