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267 E Grand Ave, Fox Lake, ...

Property Sold For $750,000 In Fox Lake Represented By Andrean Angelov Of Marcus & Millichap
SOLDMultiFamily

Property Sold For $750,000 In Fox Lake Represented By Andrean Angelov Of Marcus & Millichap

267 E Grand Ave, Fox Lake, IL, 60020

$750,000

Building Size

Asset Type

MultiFamily

Closing

Feb 28, 2019

AI

The property asset involved in this transaction is Canterbury Court Apartments, located at 267 E Grand Ave, Fox Lake, IL, 60020. It was sold for $750,000. The property includes 12 units situated in three adjacently built four-unit structures, each offering four two-bedroom, one-bathroom units. It features ample off-street parking, a storage space per unit, and an on-site laundry facility. The total square footage for the property is reported as 0.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $750,000.00
  • Address: 267 E Grand Ave, Fox Lake, IL, 60020
  • Market: Fox Lake
  • Seller's Representative: Andrean Angelov, Marcus & Millichap
  • Buyer: Unknown
  • Seller: Unknown

The deal involved multiple representatives from Marcus & Millichap, including Andrean Angelov, who serves as the first vice president of investments, Ryan D. Engle, the senior vice president of investments, and Timothy B. Stephenson Jr., an associate. They were responsible for the exclusive listing and played a role in representing both the seller and the buyer during the transaction.

Players

Andrean Angelov

Marcus & Millichap

Broker

$22.9M

vol

17 deals

Broker

Fox Lake 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

21.15%

Cash-on-Cash

-6.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93