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

Property Image
SOLD
$750,000

Illinois

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MultiFamily
Sold 02/28/2019
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Property Image
SOLD

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

267 E Grand Ave, Fox Lake, IL, 60020

See Similar Deals
MultiFamily
Sold 02/28/2019
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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
17 deals$22.9M volume
BROKER

Ryan Engle
Marcus & Millichap
21 deals$80.1M volume
BROKER

Ryan Spengler
Small Bay Properties
9 deals$71.6M volume(320) 237-4027
BROKER

Details

SOLD
IMAGE: 267 E Grand Ave, Fox Lake, IL, 60020 MARKET: Fox Lake SELLER'S REP: Andrean Angelov(Marcus & Millichap) BUYER: Unknown SELLER: Unknown PRICE: $750,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$40,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,664.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,555.38
Annual Debt Service$42,664.59