Sancerre Capital Acquires Multifamily Property In Chicago For $1.78M
SOLD
$1,780,000
Illinois
See Similar DealsMultiFamily3,000 SF
Sold 12/01/2023
SOLD
Sancerre Capital Acquires Multifamily Property In Chicago For $1.78M
2655 West Haddon Avenue
See Similar DealsMultiFamily3,000 SF
Sold 12/01/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$593
Total Square Footage:3,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,323.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,438.11
Annual Debt Service$101,257.30
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