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
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