Updated Oct 28, 2024
JAB Real Estate Acquires Multifamily Property In Chicago For $23M
2740 North Hampden Court, Chicago, Illinois 60614, United States
$23,000,000
Units
159
Asset Type
MultiFamily
Closing
Aug 10, 2022
About this deal
AI
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
Chicago 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93