JAB Real Estate Acquires Multifamily Property In Chicago For $23M
SOLD
$23,000,000
Illinois
See Similar DealsMultiFamily
Sold 08/11/2022
SOLD
JAB Real Estate Acquires Multifamily Property In Chicago For $23M
2740 North Hampden Court, Chicago, Illinois 60614, United States
See Similar DealsMultiFamily
Sold 08/11/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2740-2752 North Hampden Court in Chicago has been sold for a total price of $23,000,000. The transaction took place on August 11, 2022, and the property consists of 159 units. The price per unit is estimated to be $144,654.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Units: 159
- Price per Unit: $144,654
- Address: 2740-2752 North Hampden Court, Chicago
The buyer for this transaction is JAB Real Estate, represented by Frank Campise. The seller of the property is the Geyser Family.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,226,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81
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